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Opinion
Julian Lee

US Drivers Are Using Less Gasoline. Let's Keep It That Way

The problem of soaring pump prices in the US appears to have cured itself by choking back demand. The government should take note.

Hitting the highway.

Hitting the highway.

Photographer: David Paul Morris/Bloomberg

The US summer driving season is a bust. But that’s no bad thing.

With less than a month until Labor Day, which marks the end of the peak gasoline demand season, deliveries of the fuel have dropped below the level seen during the pandemic summer of 2020. On a four-week average basis, which smooths out a lot of the noise in the weekly figures, gasoline deliveries from primary storage facilities, which the Energy Information Administration measures as a proxy for demand, slipped below those seen in the same period two years ago.