Higher prices at the pump may have finally started to affect driver behavior in the United States, with Bloomberg reporting that an indicator of gasoline consumption remained flat last week instead of rising, which would be the normal development for this time of the year. The four-week rolling average of oil products supplied, the report said, remained almost unchanged last week at 8.
82 million bpd. This is a marked departure from patterns of consumption seen over the past six years with the exception of 2020, the lockdown year. A poll conducted…U.S. Gasoline Demand Bucks Seasonal Trend
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