U.S. gasoline demand is set to climb around Independence Day due to a record number of Americans planning to travel over the holiday period.
A record number of Americans plan to travel over the holiday period around Independence Day, in what could be a boon to so-far-lackluster U.S. gasoline demand this summer. AAA expects 70.9 million travelers will head 50 miles or more from home over the Independence Day holiday travel period between Saturday, June 29, and Sunday, July 7, the association said in a new forecast on Thursday.
3 million people traveled by car over the July 4th week. U.S. gasoline prices are lower than last year when the national average was $3.53 per gallon, and pump prices will likely continue going down leading up to Independence Day, AAA said.
Travel Demand Crude Oil Oil Demand Oil Prices WTI Brent Gasoline
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