The four-week moving average has declined four straight weeks to its lowest level compared to last year since before July 4 holiday.
The latest data from the U.S. Energy Information Administration (EIA) showed that gasoline consumption for the week ending October 30 was down versus the previous week and the four-week moving average dropped below the 10% level compared to last year for the first time since early summer.
The weekly gasoline consumption statistic is a leading indicator of traffic volume that influences auto physical damage claims.
For the week ending October 30, gasoline consumption was down 2.4% versus the
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