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GASOLINE: US Gasoline Demand Fell 0.5-1.0% in Week to July 20: GasBuddy

GASOLINE

U.S. retail gasoline demand fell 0.5-1.0% for the week ending July 20 (Sun-Sat), according to GasBuddy estimates.

  • Demand was loosely estimated at ~8.841mbpd but with uncertainty as some transactional data was reported late due to the global IT outage last week.
  • EIA data for the week to July 12 showed a drop to 8.783mbpd while the four week implied gasoline demand was back below levels seen this time last year to 9.143mbpd.

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