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US gasoline demand around 8.5m b/d: GasBuddy

OIL PRODUCTS

GasBuddy models put US gasoline demand in the week to Dec. 2 at an average of 8.478m b/d, Patrick De Haan, head of petroleum analysis at GasBuddy said on X.

  • This is up 2.1% on the previous week, but 0.3% below the four-week average, based on GasBuddy’s data.
  • According to De Haan, there is the possibility of average US gas prices falling below $3/gal.
  • “The national average [gasoline pump price] has eked out a weekly drop of 0.4 cents per gallon extending the decline in the national average to 11 straight weeks!” he added.
  • The most recent calculations from GasBuddy put average pump prices at $3.22/gal, with a further update likely later today.

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