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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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honda0105 Champion Author Tallahassee Posts:18,632 Points:1,610,495 Joined:Nov 2008	Message Posted: May 6, 2012 8:17:57 AM Ignore honda0105 Report Abuse 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 Posts:7,855 Points:1,472,020 Joined:Nov 2008	Message Posted: May 4, 2012 8:18:24 PM Ignore HailstormCA Report Abuse Another gas price rise seen while listening to the radio saying they're going down. Huh?
ROSYMI Champion Author Michigan Posts:1,028 Points:368,750 Joined:Nov 2011	Message Posted: May 4, 2012 7:11:14 PM Ignore ROSYMI Report Abuse gas will not go down in my eyes
ROSYMI Champion Author Michigan Posts:1,028 Points:368,750 Joined:Nov 2011	Message Posted: May 4, 2012 7:05:45 PM Ignore ROSYMI Report Abuse gas will not go down in my eyes
goldrose1 Champion Author Cleveland Posts:10,941 Points:1,925,580 Joined:Feb 2005	Message Posted: May 4, 2012 6:31:39 PM Ignore goldrose1 Report Abuse Well, there was that buy back gas guzzlers program that messed with used car market...
sparky808 Champion Author Honolulu Posts:3,003 Points:598,710 Joined:Sep 2011	Message Posted: May 4, 2012 1:23:44 PM Ignore sparky808 Report Abuse Thank you for posting.
alwaysridin88 Champion Author Ohio Posts:1,446 Points:566,475 Joined:Jul 2011	Message Posted: May 4, 2012 8:00:48 AM Ignore alwaysridin88 Report Abuse So why are prices predicted to be so high. Supply and demand?
remay Champion Author Houston Posts:6,968 Points:2,117,615 Joined:May 2006	Message Posted: May 4, 2012 6:58:15 AM Ignore remay Report Abuse So will that mean even HIGHER pump prices due to less demand???
tomok Champion Author Portland Posts:33,028 Points:2,346,485 Joined:Aug 2006	Message Posted: May 4, 2012 3:09:00 AM Ignore tomok Report Abuse 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 Posts:1,754 Points:565,135 Joined:May 2008	Message Posted: May 4, 2012 1:01:18 AM Ignore roadrunnin Report Abuse people are tightening up . . .
nomad228 Champion Author Columbus Posts:3,117 Points:575,140 Joined:Feb 2011	Message Posted: May 4, 2012 12:22:03 AM Ignore nomad228 Report Abuse 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 Posts:10,593 Points:1,485,690 Joined:May 2005	Message Posted: May 4, 2012 12:21:08 AM Ignore big_mac64 Report Abuse 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 Posts:812 Points:401,655 Joined:Feb 2010	Message Posted: May 4, 2012 12:19:20 AM Ignore khareabhishek Report Abuse 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 Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: May 4, 2012 12:18:58 AM Ignore tedjm1 Report Abuse So, prices will go up to make up for the short-fall in profits.
joel27nc Champion Author Raleigh Posts:10,537 Points:1,858,370 Joined:Mar 2008	Message Posted: May 4, 2012 12:15:56 AM Ignore joel27nc Report Abuse bet prices won't
Bigwaynef Champion Author South Carolina Posts:11,480 Points:2,081,735 Joined:Dec 2006	Message Posted: May 4, 2012 12:15:44 AM Ignore Bigwaynef Report Abuse YEAH RIGHT!!!
radiorumor Champion Author Texas Posts:2,817 Points:754,835 Joined:Feb 2011	Message Posted: May 4, 2012 12:15:32 AM Ignore radiorumor Report Abuse I’ve cut back
millerin Champion Author Orlando Posts:2,310 Points:482,115 Joined:Jan 2012	Message Posted: May 4, 2012 12:14:45 AM Ignore millerin Report Abuse hmmm....
PrinceLH Champion Author Ontario Posts:2,697 Points:539,020 Joined:Jun 2011	Message Posted: May 4, 2012 12:14:11 AM Ignore PrinceLH Report Abuse Yet supply and demand doesn't count, unless the trend is up.
BWJM Champion Author KW Posts:1,113 Points:303,780 Joined:Oct 2011	Message Posted: May 4, 2012 12:14:06 AM Ignore BWJM Report Abuse ok
bridgerunner Champion Author Virginia Posts:4,787 Points:1,006,835 Joined:Jul 2009	Message Posted: May 4, 2012 12:13:42 AM Ignore bridgerunner Report Abuse We shall see.
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: May 4, 2012 12:12:38 AM Ignore Saturn93 Report Abuse 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 Posts:2,420 Points:480,520 Joined:Jan 2012	Message Posted: May 4, 2012 12:12:24 AM Ignore yakstar Report Abuse wow...
crreed1 Champion Author West Virginia Posts:1,990 Points:2,527,310 Joined:May 2005	Message Posted: May 4, 2012 12:12:01 AM Ignore crreed1 Report Abuse nobody has a job
GasholeMI Champion Author Lansing Posts:10,139 Points:1,718,290 Joined:Jul 2008	Message Posted: May 4, 2012 12:11:50 AM Ignore GasholeMI Report Abuse 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 Posts:8,969 Points:1,770,795 Joined:May 2008	Message Posted: May 4, 2012 12:10:34 AM Ignore bobdec Report Abuse They ahce been predicting this for months
mpg611 Champion Author Cleveland Posts:2,339 Points:570,070 Joined:Apr 2011	Message Posted: May 4, 2012 12:10:13 AM Ignore mpg611 Report Abuse How about 'U.S. Summer Gasoline PRICES Expected to Dip to 11-Year Low'?
rawdog1313 Champion Author Lexington Posts:3,304 Points:1,643,780 Joined:May 2008	Message Posted: May 4, 2012 12:09:54 AM Ignore rawdog1313 Report Abuse Regulate Oil Speculation and gas prices will be lower.......!
serrog Champion Author Nova Scotia Posts:5,569 Points:1,513,105 Joined:Oct 2008	Message Posted: May 4, 2012 12:09:20 AM Ignore serrog Report Abuse No wonder
Rageagainsttm Champion Author Tampa Posts:8,308 Points:1,903,955 Joined:Jul 2007	Message Posted: May 4, 2012 12:08:58 AM Ignore Rageagainsttm Report Abuse nice
jrschl Champion Author Louisville Posts:2,972 Points:681,740 Joined:Jun 2011	Message Posted: May 4, 2012 12:08:44 AM Ignore jrschl Report Abuse And Summer Gas Prices Expected to Top $4.00
Buddy2264 Champion Author Tampa Posts:11,659 Points:2,360,945 Joined:Oct 2005	Message Posted: May 4, 2012 12:08:04 AM Ignore Buddy2264 Report Abuse We are all staying closer to home again. We found we can enjoy that just as much.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: May 4, 2012 12:06:21 AM Ignore pastorpaulcg Report Abuse Yep
regout Champion Author Quebec Posts:2,955 Points:832,705 Joined:May 2010	Message Posted: May 4, 2012 12:06:15 AM Ignore regout Report Abuse Who are they for knowing about that?
Rooster922 Champion Author Wilmington Posts:3,793 Points:657,045 Joined:Jan 2009	Message Posted: May 4, 2012 12:05:18 AM Ignore Rooster922 Report Abuse Same time last year
Ahking Champion Author Orange County Posts:3,507 Points:603,450 Joined:May 2011	Message Posted: May 4, 2012 12:04:47 AM Ignore Ahking Report Abuse so the U.S. can export more.
tampacrvdriver Champion Author Tampa Posts:3,356 Points:713,185 Joined:May 2011	Message Posted: May 4, 2012 12:04:06 AM Ignore tampacrvdriver Report Abuse I can't see this happening.
mcmonsta Champion Author Honolulu Posts:3,232 Points:818,770 Joined:Sep 2009	Message Posted: May 4, 2012 12:02:50 AM Ignore mcmonsta Report Abuse wow only 24 cents higher...Thank YOU OIL
SparkieMi Champion Author Kalamazoo Posts:3,266 Points:589,360 Joined:Sep 2011	Message Posted: May 3, 2012 11:58:20 PM Ignore SparkieMi Report Abuse Greed will keep the pump prices high....
sehonda Champion Author Honolulu Posts:2,043 Points:916,985 Joined:May 2009	Message Posted: May 3, 2012 11:56:12 PM Ignore sehonda Report Abuse those on vacation will still drive...
whaboush Champion Author Richmond Posts:1,233 Points:731,410 Joined:Nov 2010	Message Posted: May 3, 2012 11:56:07 PM Ignore whaboush Report Abuse It's because the fricken prices are so high.
N4PIP All-Star Author Miami Posts:906 Points:419,525 Joined:Jan 2012	Message Posted: May 3, 2012 11:52:49 PM Ignore N4PIP Report Abuse 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 Posts:1,304 Points:1,463,725 Joined:Jun 2008	Message Posted: May 3, 2012 11:52:27 PM Ignore tidalwave3 Report Abuse 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 Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: May 3, 2012 11:47:59 PM Ignore jessek Report Abuse Will the price of gasoline drop?
SparkieMi Champion Author Kalamazoo Posts:3,266 Points:589,360 Joined:Sep 2011	Message Posted: May 3, 2012 11:47:06 PM Ignore SparkieMi Report Abuse Time will tell...
DustyHorse Champion Author Virginia Posts:6,090 Points:1,392,330 Joined:Oct 2008	Message Posted: May 3, 2012 11:46:57 PM Ignore DustyHorse Report Abuse Good news.
Is246 Champion Author Albuquerque Posts:1,014 Points:427,610 Joined:Apr 2011	Message Posted: May 3, 2012 11:46:24 PM Ignore Is246 Report Abuse I'm going to use alot less.
FrugalLadyTX Rookie Author Houston Posts:35 Points:3,840 Joined:Apr 2012	Message Posted: May 3, 2012 11:45:13 PM Ignore FrugalLadyTX Report Abuse 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 Posts:8,071 Points:1,732,210 Joined:Jan 2008	Message Posted: May 3, 2012 11:45:05 PM Ignore mstearno Report Abuse no jobs less driving way to go OBAMA
furiousfowl Champion Author Riverside Posts:16,860 Points:2,750,155 Joined:May 2005	Message Posted: May 3, 2012 11:44:55 PM Ignore furiousfowl Report Abuse we'll see