Sign Up for FREE Daily Energy News
Canadian Flag CDN NEWS  |  US Flag US NEWS  | TIMELY. FOCUSED. RELEVANT. FREE
  • Stay Connected
  • linkedin
  • twitter
  • facebook
  • youtube2
BREAKING NEWS:

Vista Projects
Copper Tip Energy Services
Vista Projects
Copper Tip Energy


Americans Keep Driving While Pump Prices Edge Higher


These translations are done via Google Translate

July 25, 2018, by Erin Douglas

(Bloomberg)

Higher pump prices aren’t deterring American motorists from hitting the road during the busiest driving season of the year.

ROO.AI Oil and Gas Field Service Software
GLJ
Entelec Conference and Expo 2024

U.S. gasoline demand rose for a second week, while fuel stockpiles shrank 2.33 million barrels to the lowest level since May, according to the Energy Information Administration. The combination should keep pump prices edging up into August, said Patrick DeHaan, senior petroleum analyst at GasBuddy.

Gasoline stockpiles could finish the season with a little bit of an inventory surplus, as healthy crack spreads across most of the country keep refineries churning out fuel, according to DeHaan. Demand won’t slacken until the second half of August, when road trips typically end and kids head back to school, he said.

Share This:




More News Articles


GET ENERGYNOW’S DAILY EMAIL FOR FREE