US Driving Season Starts Strongly for Oil Refiners
At least for now, the allure of cheaper gasoline appears to be outweighing concerns consumers may have about the economy.
More Americans hit the road last Memorial Day weekend than a year ago.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Welcome to our guide to the commodities markets powering the global economy. Today, Houston-based reporter Nathan Risser looks at how gasoline demand is shaping up for the key US summer months.
The driving season in the US officially began Monday with the Memorial Day weekend. The initial data show more Americans hit the road compared with last year, a good sign for gasoline demand and the companies that make the fuel.