The American Automobile Association (AAA) reports that the national gas price average has continued to drop since Memorial Day… and that’s quite unusual for this time of year. Gas prices typically inch higher during the summer because of greater demand, but gasoline inventories are increasing which is helping to lower the pump price.
According to the Energy Information Administration (EIA), gasoline demand reached 9.877 million b/d last week – the 6th highest weekly count on record. Current demand levels are on par with volumes seen this same time last year (9.879 million b/d).
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