Monday , July 16 2018

US drivers to cut gasoline use for first time since ’12

Bloomberg

American drivers are poised to pump less for the first time in six years.
US gasoline demand is expected to fall by 10,000 barrels a day in 2018 compared to last year, according to the Energy Information Administration. Overall consumption is forecast at 9.31 million barrels a day, the agency said in its monthly Short-Term Energy Outlook.
The last time annual fuel demand fell was in 2012, when consumption dropp-ed by 70,000 barrels per day.
Pump prices are expected to increase this year, even as demand falls.

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