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Summer Gasoline Demand in US Drops Below Pandemic Levels

  • Falling pump prices not luring drivers amid rising inflation
  • Gasoline futures plunged Wednesday on demand decline

Americans are officially driving less than they did in the summer of 2020, when pandemic travel restrictions all but halted movement.

The four-week average of US gasoline consumption -- the best gauge for the country’s demand -- is now more than 1 million barrels a day below pre-Covid seasonal norms, according to Energy Information Administration data.