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You are here: Home / News / Gasoline Demand Soars with Prices at Highest Level Since 2014

Gasoline Demand Soars with Prices at Highest Level Since 2014

August 7, 2018 By CollisionWeek Editor

AAA reports that while prices are at their highest levels since 2014, consumers are still driving and demand for gasoline has increased to near record levels.

AAA Fuel Gauge Report

At 9.88 million b/d, gasoline demand last week was near an all-time record high according to the Energy Information Administration (EIA). According to AAA’s Fuel Gauge report yesterday, at the latest EIA data shows gasoline inventories tightening from 240 million bbl at the end of June down to 231 million bbl at the end of July. The boost in demand and drop in inventory have driven the national gas price average to $2.87, which

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Filed Under: News Tagged With: AAA, Gas Prices

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