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GasBuddy News Article

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U.S. Summer Gasoline Demand Expected to Dip to 11-Year Low

C-Store News -- WASHINGTON, D.C. -- Despite it being prime vacation season, U.S. demand for gasoline is expected to hit its lowest level in 11 years, reported the U.S. Energy Information Administration (EIA). High pump prices and the increased use of more efficient vehicles have both encouraged reduced fuel consumption.

Gasoline consumption is expected to average nearly 8.8 million barrels per day (bpd) from April to September, the lowest since 2001 and approximately 6.4 percent less than the record high of 9.4 million bpd in 2007, according to the EIA's April Short-Term Energy Outlook (STEO). The forecast could still change with the release of the next STEO on May 8, reported the EIA.

Fuel prices, which are expected to be 24 cents higher per gallon than last summer on average, will likely reduce some h


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Submitted May 03, 2012 By: dh0770
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REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

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Message Posted: May 6, 2012 8:17:57 AM

would be nice, but doubtful it will go low as Pig Oil has lost some of the blending subsidies, therefore, the losses will be put upon the consumer.
HailstormCA
Champion Author San Diego

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Message Posted: May 4, 2012 8:18:24 PM

Another gas price rise seen while listening to the radio saying they're going down. Huh?
ROSYMI
Champion Author Michigan

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Message Posted: May 4, 2012 7:11:14 PM

gas will not go down in my eyes
ROSYMI
Champion Author Michigan

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Message Posted: May 4, 2012 7:05:45 PM

gas will not go down in my eyes
goldrose1
Champion Author Cleveland

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Message Posted: May 4, 2012 6:31:39 PM

Well, there was that buy back gas guzzlers program that messed with used car market...
sparky808
Champion Author Honolulu

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Message Posted: May 4, 2012 1:23:44 PM

Thank you for posting.
alwaysridin88
Champion Author Ohio

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Message Posted: May 4, 2012 8:00:48 AM

So why are prices predicted to be so high. Supply and demand?
remay
Champion Author Houston

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Message Posted: May 4, 2012 6:58:15 AM

So will that mean even HIGHER pump prices due to less demand???
tomok
Champion Author Portland

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Message Posted: May 4, 2012 3:09:00 AM

The demand for fuel is down, there is much less driving, high unemployment, Barry's economy is down, fuel prices are high and gasoline demand dips to an 11 year low or lower. Big oil selling fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible!
The price of fuel at the pump is too high!
12/22/2012!
roadrunnin
Champion Author Richmond

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Message Posted: May 4, 2012 1:01:18 AM

people are tightening up . . .
nomad228
Champion Author Columbus

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Message Posted: May 4, 2012 12:22:03 AM

that's because no one in the 99 can afford to take their vacations or leave their home town.or if they were a little smarter than big earl they stockpiled enough to last through the summer months til prices come back down where they should be.well at least where they were before they jacked up the price of oil/products.or before the local politicians decided to jack up property taxes to cover a shortfall in their wallets,the schools, the police dep,the fire dep,the city workers pay raises.you won't see any of them stuck at home during the summer in fact they will probably be planning on a meeting in hawaii or cancun or even paris... maybe italy to discuss increasing taxes.
big_mac64
Champion Author Tennessee

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Message Posted: May 4, 2012 12:21:08 AM

Saturn93-Many counties here in TN charge a wheel tax that is used for road upkeep. And those counties tend to actually have better roads!
khareabhishek
All-Star Author Milwaukee

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Message Posted: May 4, 2012 12:19:20 AM

Gas price will not drop, may be stabilize at one place and will wait for consumption to increase and then will again rise.
tedjm1
Champion Author New York

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Message Posted: May 4, 2012 12:18:58 AM

So, prices will go up to make up for the short-fall in profits.
joel27nc
Champion Author Raleigh

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Message Posted: May 4, 2012 12:15:56 AM

bet prices won't
Bigwaynef
Champion Author South Carolina

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Message Posted: May 4, 2012 12:15:44 AM

YEAH RIGHT!!!
radiorumor
Champion Author Texas

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Message Posted: May 4, 2012 12:15:32 AM

I’ve cut back
millerin
Champion Author Orlando

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Message Posted: May 4, 2012 12:14:45 AM

hmmm....
PrinceLH
Champion Author Ontario

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Message Posted: May 4, 2012 12:14:11 AM

Yet supply and demand doesn't count, unless the trend is up.
BWJM
Champion Author KW

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Message Posted: May 4, 2012 12:14:06 AM

ok
bridgerunner
Champion Author Virginia

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Message Posted: May 4, 2012 12:13:42 AM

We shall see.
Saturn93
Champion Author Salt Lake City

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Message Posted: May 4, 2012 12:12:38 AM

Less fuel consumption means less fuel taxes collected to maintain the roads. I should also mean less traffic and fewer collisions. However, the trend to lighter fuel efficient cars means that the collisions that do occur will result in more severe injuries.
yakstar
Champion Author Montreal

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Message Posted: May 4, 2012 12:12:24 AM

wow...
crreed1
Champion Author West Virginia

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Message Posted: May 4, 2012 12:12:01 AM

nobody has a job
GasholeMI
Champion Author Lansing

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Message Posted: May 4, 2012 12:11:50 AM

People have no extra money for gas and there is concern about their jobs. There are also plenty of people with no job prospects. No wonder there is an expected drop.
bobdec
Champion Author Miami

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Message Posted: May 4, 2012 12:10:34 AM

They ahce been predicting this for months
mpg611
Champion Author Cleveland

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Message Posted: May 4, 2012 12:10:13 AM

How about 'U.S. Summer Gasoline PRICES Expected to Dip to 11-Year Low'?
rawdog1313
Champion Author Lexington

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Message Posted: May 4, 2012 12:09:54 AM

Regulate Oil Speculation and gas prices will be lower.......!
serrog
Champion Author Nova Scotia

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Message Posted: May 4, 2012 12:09:20 AM

No wonder
Rageagainsttm
Champion Author Tampa

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Message Posted: May 4, 2012 12:08:58 AM

nice
jrschl
Champion Author Louisville

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Message Posted: May 4, 2012 12:08:44 AM

And Summer Gas Prices Expected to Top $4.00
Buddy2264
Champion Author Tampa

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Message Posted: May 4, 2012 12:08:04 AM

We are all staying closer to home again. We found we can enjoy that just as much.
pastorpaulcg
Champion Author Virginia

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Message Posted: May 4, 2012 12:06:21 AM

Yep
regout
Champion Author Quebec

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Message Posted: May 4, 2012 12:06:15 AM

Who are they for knowing about that?
Rooster922
Champion Author Wilmington

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Message Posted: May 4, 2012 12:05:18 AM

Same time last year
Ahking
Champion Author Orange County

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Message Posted: May 4, 2012 12:04:47 AM

so the U.S. can export more.
tampacrvdriver
Champion Author Tampa

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Message Posted: May 4, 2012 12:04:06 AM

I can't see this happening.
mcmonsta
Champion Author Honolulu

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Message Posted: May 4, 2012 12:02:50 AM

wow only 24 cents higher...Thank YOU OIL
SparkieMi
Champion Author Kalamazoo

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Message Posted: May 3, 2012 11:58:20 PM

Greed will keep the pump prices high....
sehonda
Champion Author Honolulu

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Message Posted: May 3, 2012 11:56:12 PM

those on vacation will still drive...
whaboush
Champion Author Richmond

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Message Posted: May 3, 2012 11:56:07 PM

It's because the fricken prices are so high.
N4PIP
Champion Author Miami

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Message Posted: May 3, 2012 11:52:49 PM

With fuel prices high and drivers switching to more economical vehicles, this is not much of a surprise. I hope the trend continues.
tidalwave3
Champion Author Tallahassee

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Message Posted: May 3, 2012 11:52:27 PM

I believe continued reduction in gasoline consumtion, will cause a lower of gasoline prices. The speculators can't get stuck with gas as it will go bad (gas doesn't have a long "shelf life") :)
jessek
Champion Author Detroit

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Message Posted: May 3, 2012 11:47:59 PM

Will the price of gasoline drop?
SparkieMi
Champion Author Kalamazoo

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Message Posted: May 3, 2012 11:47:06 PM

Time will tell...
DustyHorse
Champion Author Virginia

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Message Posted: May 3, 2012 11:46:57 PM

Good news.
Is246
Champion Author Albuquerque

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Message Posted: May 3, 2012 11:46:24 PM

I'm going to use alot less.
FrugalLadyTX
Rookie Author Houston

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Message Posted: May 3, 2012 11:45:13 PM

I didn't read the entire article...maybe I should've.

It is a good idea that people pull back on their useage. Of course, in places such as Texas where there is no decent public transportation for most areas, one must have a vehicle and it is often required that each adult in the home has their own vehicle because everyone goes in different directions...true, there are more motorcycles, scooters, Smart Cars, etc...but there has been a bit of a pullback on motorcycles due to recent increases in deaths...

Hopefully, people will make/take a stand and pull back when they can, buy the vehicles that are economical, etc...yes, we need to find our fun closer to home...maybe even a job closer to home...and then there are those who are in the unfortunate position of not having a job to go to daily, etc....but, guess they have to go out on interviews, etc. (SIGH) Well it seems these darn oil companies have us, don't they....or do they.

Hey, I live in an OIL state and in an area where there are refineries almost everywhere you look...but...I've been one of those who have tried to get their attention for decades to redirect their attentions. Ummmmm...you know, make it better for one and all...including the air, the earth and the waterways. But, I am a Texan and like anyone, I am loyal to my state, home. We have our problems like all the rest. (smile)
mstearno
Champion Author Dayton

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Message Posted: May 3, 2012 11:45:05 PM

no jobs less driving way to go OBAMA
furiousfowl
Champion Author Riverside

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Message Posted: May 3, 2012 11:44:55 PM

we'll see
robaloma
Champion Author Houston

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Message Posted: May 3, 2012 11:42:25 PM

great
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