Weekly US Gasoline Demand Update

Weekly gasoline demand struggles as winter weather hits US

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According to GasBuddy data, weekly total US gasoline demand fell 3.7% from the prior week and was 2.0% below the four week rolling average. Broken down by day, the first three days of the week saw robust demand, with Sunday up 5.2% from its four week average, while Monday was up 12.9% and Tuesday up 18.9%. Demand then plummeted, with Wednesday down 1.9% from its four week average, Thursday was down 22.1%, Friday down 18.2%. Saturday closed the week, falling 3.6% from the four week average.

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

PADD 1 -0.9%

PADD 2 -7.2%

PADD 3 -9.0%

PADD 4 +1.7%

PADD 5 +1.8%

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

PADD 1 -2.1%

PADD 2 -4.8%

PADD 3 -9.1%

PADD 4 +0.5%

PADD 5 +5.8%

National -2.5%