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US Gasoline Demand Fell to 8.64mbpd Last Week: GasBuddy

OIL PRODUCTS

US gasoline demand last week (Sun-Sat) stood at 8.64mbpd, down by 0.8% on the week and 1.4% below the four-week moving average according to GasBuddy.

  • The national average price of gasoline has declined for the sixth straight week and is now at its lowest since March at $3.44/gal as of Monday according to GasBuddy.
  • According to OPIS/AAA, the average gas price declined to $3.494/gal as of this morning with another 5-10cts/gal of predictable price drops ahead.

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