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U.S. Gasoline Demand at 8.794mn bpd: GasBuddy

OIL PRODUCTS

U.S. retail gasoline demand saw a drop of 1.1% for the week ending June 29 (Sun-Sat) according to GasBuddy data.

  • GasBuddy models U.S. gasoline demand over this period at 8.794 mn bpd.
  • AAA expects record travel levels this week for July 4 celebrations, while average gasoline prices are broadly comparable y/y at ~$3.50/gal.

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