MNI: US OCT FINAL MANUF PMI 48.5 (FLASH: 47.8); SEP 47.3

MNI: BLS: NET REVISIONS TO SEPT, AUG PAYROLLS -112K

MNI: UK OCT FINAL MANUF PMI 49.9 (FLASH: 50.3); SEP 51.5

MNI China Daily Summary: Friday, November 1

MNI: PBOC Net Drains CNY275.5 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1135 Fri; +2.83% Y/Y

MNI: US SEP CONSTRUCT SPENDING +0.1%

MNI: US ISM OCT MANUF PURCHASING MANAGERS INDEX 46.5

EZ/UK Bond Supply Calendar: EU-Bond Auction on Monday

EUROPEAN FISCAL: DE 2025 Budget Gap Grows; Political Risk Is Rising

CANADA: Politics Week: Trudeau Facing More Internal Dissent And Departures

CANADA: Politics Week: Trudeau Faces More Pressure To Resign

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

US Gasoline Demand Falls 3.8% on Week: GasBuddy

OIL PRODUCTS
Energy BulletsHomepagemarkets-real-timeBulletCommodities

GasBuddy models U.S. gasoline demand in the latest weekly data (Sun-Sat) to Aug. 10 at 8.94m b/d. The figure is down 3.8% on the week.

  • Demand fell 6.9% in PADD1 likely due partially to Tropical Storm Debby causing mass flooding.
  • Average US gas prices fell 3.2 cents/gal on the week to $3.41/gal, according to GasBuddy.
  • “As summer driving season comes to a gradual close, we continue to see gasoline prices declining in most of the country as demand remains muted. Incredibly, the drop has also caused diesel fuel prices to crumble to their lowest level since before Russia’s invasion of Ukraine,” said Patrick De Haan, head of petroleum analysis at GasBuddy
111 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

GasBuddy models U.S. gasoline demand in the latest weekly data (Sun-Sat) to Aug. 10 at 8.94m b/d. The figure is down 3.8% on the week.

  • Demand fell 6.9% in PADD1 likely due partially to Tropical Storm Debby causing mass flooding.
  • Average US gas prices fell 3.2 cents/gal on the week to $3.41/gal, according to GasBuddy.
  • “As summer driving season comes to a gradual close, we continue to see gasoline prices declining in most of the country as demand remains muted. Incredibly, the drop has also caused diesel fuel prices to crumble to their lowest level since before Russia’s invasion of Ukraine,” said Patrick De Haan, head of petroleum analysis at GasBuddy