U.S. regular gasoline prices have eased from September peaks near $4.50 per gallon amid a sharp pullback in crude oil benchmarks, with WTI and Brent futures down over 10% recently as geopolitical tensions in the Strait of Hormuz show signs of easing. Lower refinery utilization post-summer maintenance, combined with seasonally softer demand after Labor Day, has supported inventory builds and narrowed crack spreads. Traders are watching upcoming EIA weekly storage and production data plus any shifts in global supply flows for resolution signals by month-end, while forward curves price in further moderation consistent with 2026 forecasts averaging below $3.00 annually. Market-implied odds reflect these supply-demand dynamics and the limited time remaining before October 31.