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U.S. Gasoline Demand Drops for Third-Straight Week

  • Pump prices remain stubbornly high even as crude oil slips
  • Driving typically picks up starting with spring break in March

High pump prices appear to be deterring U.S. drivers at a time when gasoline demand typically picks up with warmer weather.

A third straight weekly decline in gasoline demand brought the rolling four-week average to 8.76 million barrels a day last week, down by more than 4% compared with the same time in 2019, data from the U.S. Energy Information Administration show.