April 30, 2024 16:05 GMT
OPIS Place U.S. Gasoline Demand at ~8.5mn bpd
OIL PRODUCTS
Initial data from OPIS measurement of actual U.S. gasoline volumes pumped points toward another subpar week with consumption around 8.5-million b/d or less.
- “Could mean that the mythical "driving season" is compressed into Memorial Day weekend and 7-10 summer weeks” Tom Kloza Head of Energy Analysis at OPIS said via X.
- GasBuddy models U.S. gasoline demand at 8.794 million barrels per day for the week ending April 27.
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