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US Gasoline Demand Rose 2.7% Last Week: GasBuddy

GASOLINE

U.S. retail gasoline demand rose 2.7% for the week ending June 8 and modelled at 8.884mb/d but was flat to the four week moving average, according to GasBuddy demand data.

  • The U.S. gasoline price average has fallen to the lowest level since March 5 at $3.399/gal with additional declines expected ahead of July 4 for both gasoline and diesel prices, GasBuddy said.
  • Gasoline prices could drop another 10-20 cents in the weeks ahead of July 4 but with risks from refinery issues and hurricanes.

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