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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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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.