Friday, May 27, 2022

Gas prices have soared so high that the US is now seeing demand destruction ahead of the summer driving season, May 26, 2022:"Pain at the pump has gotten so bad that demand for gasoline is dropping just as the summer driving season is about to begin.


Demand on a four-week rolling basis has hit its lowest level during this time of year since 2013, excluding the pandemic-outbreak period in 2020, according to data from the Energy Information Administration compiled by Bloomberg. Compared with year-ago levels, demand is down roughly 5%."

https://markets.businessinsider.com/news/commodities/gas-prices-record-high-us-demand-destruction-crude-oil-prices-2022-5


#Gasoline #GasPrices #SummerDrivingSeason #DemandDestruction #DemandForGas #SummerDriving

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