Weekly US Gasoline Demand Update

Weekly gasoline demand rebounds notably after 8-month low

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According to GasBuddy data, weekly total US gasoline demand rose 6.2% from the prior week and was 1.9% above the four week rolling average. Friday saw substantial lift (9.0%) from the prior Friday, as did Sunday (+13.3%) and Monday (+9.2%). Weather again likely played a key role in shifting gasoline demand. Saturday demand was up just 0.1% from the prior Saturday. Monday and Tuesday were the only days of the week that were below their respective four week averages.

Broken down by PADD region, US gasoline demand changes from a week ago:

PADD 1 +9.9%

PADD 2 +4.0%

PADD 3 +4.1%

PADD 4 +2.4%

PADD 5 +4.3%

Broken down by PADD region, US gasoline demand changes vs a month ago:

PADD 1 -0.5%

PADD 2 +0.1%

PADD 3 -3.9%

PADD 4 -4.1%

PADD 5 +4.4%

National +0.2%