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Expensive Gasoline Keeps More Summer Drivers Off Road Than at Height of Pandemic

  • Prices remain nearly 50% higher than the same time last year
  • Gasoline demand cuts limited largely to summer leisure driving

Expensive gasoline is keeping more US drivers off the road than the Covid-19 pandemic did at this time two years ago.

The country’s demand for gasoline tumbled last week to 8.06 million barrels a day, below the same week in 2020 and the lowest seasonally since 1996, according to the US Energy Information Administration. Aside from the same period two years ago, the four-week rolling average of gasoline demand was the lowest on a seasonal basis since 2000.