February 26, 2024

Regardless of rising gasoline costs at the beginning of the 2022 driving season, US gasoline demand for Memorial Day weekend is estimated to be 1.1% decrease than demand for a similar weekend final yr, in accordance with information from the GasBuddy fuel-saving app. presented Tuesday within the morning.

“In response to GasBuddy information, Memorial Day weekend (Thursday by means of Monday) noticed a 1.1% drop in US gasoline demand up to now in 2022. As soon as that ends on Tuesday, we’ll add that in to see the overall for the weekend,” the GasBuddy oil director stated. evaluation, Patrick de Haan stated.

US gasoline demand fell 3.6% on Memorial Day Monday, in contrast with Memorial Day in 2022, in accordance with GasBuddy information, de Haan stated. Mentioned.

Gasoline costs within the US elevated barely on Memorial Day, the official begin of the summer time driving season, regardless that Individuals nonetheless pay much less on the pump than they did a yr or perhaps a month in the past.

The nationwide common worth of a gallon of gasoline at U.S. pumps on Monday was $3,582, up from $3,540 every week in the past, however down from $3,615 a month in the past and $4,610 a yr in the past . AAA.

Forecasters anticipated a 6% improve in Memorial Day gasoline demand by 2023, predicting that greater than 37 million Individuals will hit the street over the prolonged vacation weekend.

Whereas GasBuddy estimates that demand is down this Memorial Day weekend in comparison with final yr, the Transportation Safety Administration (TSA) saying On Tuesday, the variety of airline passengers over Memorial Day weekend surpassed pre-Covid ranges of 300,000 since 2019.

Over the four-day Memorial Day weekend, the TSA screened almost 9.8 million individuals at airports throughout the nation, 300,000 greater than the identical vacation weekend in 2019. Friday’s remaining batch of round 2.74 million passengers examined was the very best in a single day because the pandemic. Registration, the TSA stated.

By Tsvetana Paraskova for Oilprice.com

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