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AAA reports Substantial Increase in Gasoline Demand Has Little Immediate Impact on Supply Levels or Pump Prices

 

AAAWashington, D.C. – According to the latest Energy Information Administration (EIA) measurement, gasoline demand jumped from 7.53 million b/d to 8.11 million b/d. Typically a significant increase in demand results in a comparable decrease in supply, ultimately translating to more expensive pump prices.

Surprisingly, the recent large jump in demand had little impact on gasoline supply and minimal impact on pump prices.

Gas prices at the pump remain steady despite an increase in demand. (AAA)

Gas prices at the pump remain steady dispite increase in demand. (AAA)

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