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.
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
Subscribers need to be logged in to see rest of this article. Please Login to access. If you're not a subscriber, click here for information on our satisfaction guaranteed subscription options.