According to AAA the decline in gas prices has slowed as the national average for a gallon of gas, which shed less than a penny since last week to reach $3.02. It has been close to the $3 level for five weeks yet faces stubborn resistance. Meanwhile, today’s national average per kilowatt hour of electricity […]
AAA Predicts 47.9 Million People Will Travel This July 4th
Car travel during holiday expected to set a new record despite the historically high gas prices. Gasoline demand has been trending downward compared to 2019. Summer travel is already in full swing and Independence Day will be no exception as AAA predicts 47.9 million people will travel 50 miles or more from home over the […]
U.S. Gasoline Demand Declining in March
After rebounding in February, historically high gasoline prices appear to be reducing gasoline demand and traffic volume. Gasoline demand has been declining throughout March in the wake of historic gasoline prices. The four-week moving average in March has declined compared to 2019 levels for each of the first three weeks during the month after rebounding […]
AAA Says $4 Gas the Tipping Point for Most Americans
With today’s average over $4.38 per gallon in the U.S. survey finds 59% of Americans will make lifestyle changes. Summer travel may not be impacted. New survey data from AAA finds that two-thirds of Americans felt gas prices were too expensive just a few weeks ago at $3.53 per gallon. Now with the national average […]
U.S. Gasoline Demand Rebounds in February
While the surge in COVID-19 cases impacted demand in January, February gasoline consumption closed in on 2019 levels despite higher fuel prices. Gasoline demand rebounded sharply in February following four weeks of declines throughout January. The four-week moving average of gasoline consumption had been above 2019 levels for four of five weeks reported in December, […]
U.S. Gasoline Demand Above 2019 Levels in Mid-October
For just the second time since the start of the pandemic the four-week moving average was above pre-pandemic levels. Gasoline consumption continued to improve in the first half of October despite the headwinds from the resurgence of the COVID-19 pandemic during the summer and increasing gasoline prices. Gasoline demand had been at all-time record levels […]
September Gas Demand Improving Despite Coronavirus Resurgence
Four-week moving average less than 2% below 2019 levels. The recovery in gasoline consumption continued to improve in early September despite the headwinds from the resurgence of the COVID-19 pandemic during the summer. Gasoline demand had been at all-time record levels leading into the July 4 holiday in the U.S. but has retreated to slightly […]
August Gas Demand and Interstate Traffic Not Showing Dramatic Impact from Coronavirus Resurgence
Four-week moving average less than 3% below 2019 levels. Interstate passenger traffic at similar levels. The recovery in gasoline consumption and traffic volume continues to hold at high levels in August even with the headwinds from the resurgence of the COVID-19 pandemic during the summer. Gasoline demand had been at all-time record levels leading into […]
July Gas Consumption and Interstate Traffic Continues Near Pre-Pandemic Levels
Following record gasoline demand on weekly basis leading into July 4 holiday, the four-week moving average has remained within 1% of 2019 levels. Interstate passenger traffic at similar levels. The recovery in gasoline consumption and traffic volume has held following the record demand leading into the July 4 holiday in the U.S. The four-week moving […]
Gas Consumption at Record Level Entering July 4 Holiday
Demand for gasoline on weekly basis was at its highest level for the week ending July 2 since start of the recordkeeping in 1991. The recovery in gasoline consumption and traffic volume continued through June and leading into the July 4 holiday as the pandemic wanes and government restrictions on travel and gathering ease. The […]