According to AAA gasoline demand is soaring to new heights. In its latest reading covering the week ending Aug. 9, the Energy Information Administration (EIA) recorded demand at 9.93 million b/d, the highest since the agency began recording data in 1991. As demand jumped, gasoline stocks fell by 1.4 million bbl and pump prices slowed […]
AAA Reports Drivers Less Concerned over Increasing Gas Prices
AAA reports that the price at which half of consumers believe gas prices are too high has increased 50 cents over the last four years to $3.00 per gallon from $2.50 in 2016. This year’s result is up from $2.70 in 2018 and $2.80 in 2017. “For consumers today, paying more to fill-up their gas […]
Gasoline Demand Hits Lowest Level in Nearly Two Years
The latest U.S. Energy Information Administration (EIA) data registers gasoline demand at 8.6 million barrels per day for the week ending December 28 – the lowest level on record since February 2017. Despite record motor vehicle travel for the holiday, demand was down nearly 900,000 bbl, suggesting that demand this winter could be lower than […]