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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.
OIL PRODUCTS
US gasoline demand was flat last week, down only 0.55% from the week prior according to the latest GasBuddy figures. US gasoline demand was also flat versus the four-week average.
- It models US gasoline consumption at 8.735mbpd.
- Memorial Day holiday travel this month is expected to serve US gasoline a boost.
- As many as 42.3 million Americans will travel 50 miles or more from home this Memorial Day weekend, a 7% increase over 2022, according to a forecast from AAA and S&P Global.
- Car travel is expected to be boosted by cheaper gasoline prices but remain below pre-pandemic levels.
source: GasBuddy
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.
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