Wednesday, August 30, 2023

Gasoline consumption per latest EIA data, August 30, 2023

Gasoline prices (per AAA) slipped from last report's $3.845, to $3.827. One year ago the price had fallen to $3.844, and was on its downward trajectory... into the early September lull, about $3.80. It rose a bit, then fell back to the December low.

It has edged upward, by 0.9¢ the past 3 days. The market is pointing toward a bit more upward movement, but that remains to be seen.


Consumption steadied at last week's pace, which is +2.3% above year ago level. In theory, consumption should begin to taper off in September. 

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