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Fuel Demand Destruction Is Happening at Most Expensive US Spots

A Midwest fuel retailer is seeing demand weakening in areas where gasoline prices are most expensive. 

Gasoline demand destruction is happening in parts of the US that are seeing the highest prices at the pump. 

“In terms of demand destruction...we’re starting to see some erosion in volume in the low single-digits,” said Darren Rebelez, chief executive officer of fuel distributor Casey’s General Stores Inc. in a conference call on Wednesday.