Weekly US Gasoline Demand Update

Weekly gasoline demand plummets to lowest since last March

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According to GasBuddy data, weekly total US gasoline demand fell 6.4% from the prior week and was 6.7% below the four week rolling average. Demand destruction was expected as a larger winter storm boosted last week's demand figure in the closing day of the period, and caused a big early week drop in these demand figures. The lone region to see any upward move in consumption was PADD 5, where demand saw a miniscule 0.4% WoW rise. Other regions saw additional weather and cold temps keep motorists off the roads in higher numbers. Overall, total US demand last week was at its lowest since March, 2021.

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

PADD 1 -13.7%

PADD 2 -2.9%

PADD 3 -2.9%

PADD 4 -3.9%

PADD 5 +0.4%

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

PADD 1 -14.7%

PADD 2 -8.2%

PADD 3 -9.8%

PADD 4 -6.7%

PADD 5 -3.6%

National -9.6%