US EditionHigh Imports, Soft Summer Demand Weigh on US Gasoline
UNITED STATES, JUL 22 – Gasoline inventories rose due to a 7% import increase and 2.5% lower demand, pushing prices below $3 per gallon for the first time since 2021, government data shows.
5 Articles
5 Articles
U.S. Gasoline Prices Slide as Imports Surge and Summer Demand Sputters
Gasoline prices in the U.S. are flirting with a milestone not seen since 2021: a national average below $3 per gallon. The combination of tepid summer demand, surging imports, and a bearish oil market has put downward pressure on prices—even during what’s typically peak driving season. In the runup to the July 4th holiday, the national average fell to $3.14 per gallon, according to GasBuddy. This is the lowest summer level in four years, accordi…
Colorado Springs Gazette
Denver GazetteHigh imports, soft summer demand weigh on US gasoline
By Nicole Jao and Shariq Khan
High Imports, Soft Summer Demand Weigh on US Gasoline - Energy News, Top Headlines, Commentaries, Features & Events
Summary Imports surge, boosting gasoline storage demand East Coast gasoline prices drop below national average OPEC production increase pressures oil prices lower (Reuters) – U.S. gasoline prices could fall below $3 a gallon this summer for the first time in over four years as a stretch of bad weather events dampens fuel demand and a ...
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