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Gasoline demand in the US is expected to fall next year to the lowest level since 2004. ... “We forecast the average person in the United States will consume 402 gallons of gasoline in 2024 ...
The EIA on Tuesday lowered its forecast for U.S. distillate fuel demand, which includes diesel and heating oil, to 3.83 million barrels a day, about 1% below its prior forecast and a 2.3% decline ...
The complex interplay between the transition, policy, economic performance and consumer preferences have made it harder than ever to forecast gasoline demand. Those forecasts are important for oil ...
“When US gasoline prices soared over $5 per gallon in June 2022, consumers were spending about $1.9 billion per day. ... The Energy Information Administration forecasts gasoline will average $3. ...
Lipow forecasts a price of $3.65 per gallon going into the summer driving season: “According to my Tarot cards, I do not see the national average of gasoline hitting $4.00 per gallon.”
Gasoline futures are forecasting the drop, down about $0.43 in the last week. The current national average for retail gasoline is $3.77 versus $3.84 a week ago, according to AAA.
The next week oil jumped 4 percent with Brent finishing at $82.62 and WTI at $78.54, with high demand forecasts a big reason, despite lower confidence in the U.S. economy by consumers. [60] On June 20, Brent reached $85.89, highest since May 1 after U.S. crude inventories fell and a U.S. jobs report made cutting interest rates more likely. [ 61 ]
U.S. gasoline prices are heading south and may hit $3 a gallon in many places in coming weeks with crude oil futures down $10 a barrel over economic fears and eroding demand. The drop in gasoline ...