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U.S. Summer Gasoline Demand Expected to Dip to 11-Year Low

C-Store News -- WASHINGTON, D.C. -- Despite it being prime vacation season, U.S. demand for gasoline is expected to hit its lowest level in 11 years, reported the U.S. Energy Information Administration (EIA). High pump prices and the increased use of more efficient vehicles have both encouraged reduced fuel consumption.

Gasoline consumption is expected to average nearly 8.8 million barrels per day (bpd) from April to September, the lowest since 2001 and approximately 6.4 percent less than the record high of 9.4 million bpd in 2007, according to the EIA's April Short-Term Energy Outlook (STEO). The forecast could still change with the release of the next STEO on May 8, reported the EIA.

Fuel prices, which are expected to be 24 cents higher per gallon than last summer on average, will likely reduce some h

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Submitted May 03, 2012 By: dh0770

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: May 6, 2012 5:17:57 AM Ignore honda0105 Report Abuse would be nice, but doubtful it will go low as Pig Oil has lost some of the blending subsidies, therefore, the losses will be put upon the consumer.
HailstormCA Champion Author San Diego Posts:7,955 Points:1,491,945 Joined:Nov 2008	Message Posted: May 4, 2012 5:18:24 PM Ignore HailstormCA Report Abuse Another gas price rise seen while listening to the radio saying they're going down. Huh?
ROSYMI Champion Author Michigan Posts:1,028 Points:388,600 Joined:Nov 2011	Message Posted: May 4, 2012 4:11:14 PM Ignore ROSYMI Report Abuse gas will not go down in my eyes
ROSYMI Champion Author Michigan Posts:1,028 Points:388,600 Joined:Nov 2011	Message Posted: May 4, 2012 4:05:45 PM Ignore ROSYMI Report Abuse gas will not go down in my eyes
goldrose1 Champion Author Cleveland Posts:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: May 4, 2012 3:31:39 PM Ignore goldrose1 Report Abuse Well, there was that buy back gas guzzlers program that messed with used car market...
sparky808 Champion Author Honolulu Posts:3,139 Points:624,685 Joined:Sep 2011	Message Posted: May 4, 2012 10:23:44 AM Ignore sparky808 Report Abuse Thank you for posting.
alwaysridin88 Champion Author Ohio Posts:1,532 Points:591,095 Joined:Jul 2011	Message Posted: May 4, 2012 5:00:48 AM Ignore alwaysridin88 Report Abuse So why are prices predicted to be so high. Supply and demand?
remay Champion Author Houston Posts:7,078 Points:2,143,665 Joined:May 2006	Message Posted: May 4, 2012 3:58:15 AM Ignore remay Report Abuse So will that mean even HIGHER pump prices due to less demand???
tomok Champion Author Portland Posts:33,592 Points:2,373,210 Joined:Aug 2006	Message Posted: May 4, 2012 12:09:00 AM Ignore tomok Report Abuse The demand for fuel is down, there is much less driving, high unemployment, Barry's economy is down, fuel prices are high and gasoline demand dips to an 11 year low or lower. Big oil selling fuel and natural gas on the world market for higher prices, there will be NO price reduction for the cost of fuel or natural gas IN the US. Barry will support natural gas and oil production for sale on the world market to pay for his ‘spending gone wild’ addiction. The US ‘oil and natural gas resources’ belong to the citizens of this country and are to be used by those same citizens! Speculators, manipulators and the banks continue to unfairly and unjustly make the driving public pay higher prices at the pump for their benefit. Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible! The price of fuel at the pump is too high! 12/22/2012!
roadrunnin Champion Author Richmond Posts:1,801 Points:582,030 Joined:May 2008	Message Posted: May 3, 2012 10:01:18 PM Ignore roadrunnin Report Abuse people are tightening up . . .
nomad228 Champion Author Columbus Posts:3,143 Points:580,215 Joined:Feb 2011	Message Posted: May 3, 2012 9:22:03 PM Ignore nomad228 Report Abuse that's because no one in the 99 can afford to take their vacations or leave their home town.or if they were a little smarter than big earl they stockpiled enough to last through the summer months til prices come back down where they should be.well at least where they were before they jacked up the price of oil/products.or before the local politicians decided to jack up property taxes to cover a shortfall in their wallets,the schools, the police dep,the fire dep,the city workers pay raises.you won't see any of them stuck at home during the summer in fact they will probably be planning on a meeting in hawaii or cancun or even paris... maybe italy to discuss increasing taxes.
big_mac64 Champion Author Tennessee Posts:10,600 Points:1,490,130 Joined:May 2005	Message Posted: May 3, 2012 9:21:08 PM Ignore big_mac64 Report Abuse Saturn93-Many counties here in TN charge a wheel tax that is used for road upkeep. And those counties tend to actually have better roads!
khareabhishek All-Star Author Milwaukee Posts:812 Points:409,130 Joined:Feb 2010	Message Posted: May 3, 2012 9:19:20 PM Ignore khareabhishek Report Abuse Gas price will not drop, may be stabilize at one place and will wait for consumption to increase and then will again rise.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: May 3, 2012 9:18:58 PM Ignore tedjm1 Report Abuse So, prices will go up to make up for the short-fall in profits.
joel27nc Champion Author Raleigh Posts:10,677 Points:1,886,070 Joined:Mar 2008	Message Posted: May 3, 2012 9:15:56 PM Ignore joel27nc Report Abuse bet prices won't
Bigwaynef Champion Author South Carolina Posts:11,674 Points:2,108,435 Joined:Dec 2006	Message Posted: May 3, 2012 9:15:44 PM Ignore Bigwaynef Report Abuse YEAH RIGHT!!!
radiorumor Champion Author Texas Posts:2,946 Points:781,315 Joined:Feb 2011	Message Posted: May 3, 2012 9:15:32 PM Ignore radiorumor Report Abuse I’ve cut back
millerin Champion Author Orlando Posts:2,332 Points:487,315 Joined:Jan 2012	Message Posted: May 3, 2012 9:14:45 PM Ignore millerin Report Abuse hmmm....
PrinceLH Champion Author Ontario Posts:2,832 Points:565,745 Joined:Jun 2011	Message Posted: May 3, 2012 9:14:11 PM Ignore PrinceLH Report Abuse Yet supply and demand doesn't count, unless the trend is up.
BWJM Champion Author KW Posts:1,113 Points:303,780 Joined:Oct 2011	Message Posted: May 3, 2012 9:14:06 PM Ignore BWJM Report Abuse ok
bridgerunner Champion Author Virginia Posts:4,927 Points:1,034,535 Joined:Jul 2009	Message Posted: May 3, 2012 9:13:42 PM Ignore bridgerunner Report Abuse We shall see.
Saturn93 Champion Author Salt Lake City Posts:7,292 Points:1,640,885 Joined:Oct 2006	Message Posted: May 3, 2012 9:12:38 PM Ignore Saturn93 Report Abuse Less fuel consumption means less fuel taxes collected to maintain the roads. I should also mean less traffic and fewer collisions. However, the trend to lighter fuel efficient cars means that the collisions that do occur will result in more severe injuries.
yakstar Champion Author Montreal Posts:2,555 Points:506,475 Joined:Jan 2012	Message Posted: May 3, 2012 9:12:24 PM Ignore yakstar Report Abuse wow...
crreed1 Champion Author West Virginia Posts:2,100 Points:2,550,715 Joined:May 2005	Message Posted: May 3, 2012 9:12:01 PM Ignore crreed1 Report Abuse nobody has a job
GasholeMI Champion Author Lansing Posts:10,279 Points:1,745,690 Joined:Jul 2008	Message Posted: May 3, 2012 9:11:50 PM Ignore GasholeMI Report Abuse People have no extra money for gas and there is concern about their jobs. There are also plenty of people with no job prospects. No wonder there is an expected drop.
bobdec Champion Author Miami Posts:9,104 Points:1,797,520 Joined:May 2008	Message Posted: May 3, 2012 9:10:34 PM Ignore bobdec Report Abuse They ahce been predicting this for months
mpg611 Champion Author Cleveland Posts:2,479 Points:596,795 Joined:Apr 2011	Message Posted: May 3, 2012 9:10:13 PM Ignore mpg611 Report Abuse How about 'U.S. Summer Gasoline PRICES Expected to Dip to 11-Year Low'?
rawdog1313 Champion Author Lexington Posts:3,439 Points:1,670,505 Joined:May 2008	Message Posted: May 3, 2012 9:09:54 PM Ignore rawdog1313 Report Abuse Regulate Oil Speculation and gas prices will be lower.......!
serrog Champion Author Nova Scotia Posts:5,705 Points:1,539,830 Joined:Oct 2008	Message Posted: May 3, 2012 9:09:20 PM Ignore serrog Report Abuse No wonder
Rageagainsttm Champion Author Tampa Posts:8,422 Points:1,927,885 Joined:Jul 2007	Message Posted: May 3, 2012 9:08:58 PM Ignore Rageagainsttm Report Abuse nice
jrschl Champion Author Louisville Posts:3,107 Points:708,015 Joined:Jun 2011	Message Posted: May 3, 2012 9:08:44 PM Ignore jrschl Report Abuse And Summer Gas Prices Expected to Top $4.00
Buddy2264 Champion Author Tampa Posts:11,797 Points:2,387,670 Joined:Oct 2005	Message Posted: May 3, 2012 9:08:04 PM Ignore Buddy2264 Report Abuse We are all staying closer to home again. We found we can enjoy that just as much.
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: May 3, 2012 9:06:21 PM Ignore pastorpaulcg Report Abuse Yep
regout Champion Author Quebec Posts:3,095 Points:860,405 Joined:May 2010	Message Posted: May 3, 2012 9:06:15 PM Ignore regout Report Abuse Who are they for knowing about that?
Rooster922 Champion Author Wilmington Posts:3,925 Points:682,795 Joined:Jan 2009	Message Posted: May 3, 2012 9:05:18 PM Ignore Rooster922 Report Abuse Same time last year
Ahking Champion Author Orange County Posts:3,599 Points:621,360 Joined:May 2011	Message Posted: May 3, 2012 9:04:47 PM Ignore Ahking Report Abuse so the U.S. can export more.
tampacrvdriver Champion Author Tampa Posts:3,465 Points:738,765 Joined:May 2011	Message Posted: May 3, 2012 9:04:06 PM Ignore tampacrvdriver Report Abuse I can't see this happening.
mcmonsta Champion Author Honolulu Posts:3,347 Points:845,320 Joined:Sep 2009	Message Posted: May 3, 2012 9:02:50 PM Ignore mcmonsta Report Abuse wow only 24 cents higher...Thank YOU OIL
SparkieMi Champion Author Kalamazoo Posts:3,400 Points:615,595 Joined:Sep 2011	Message Posted: May 3, 2012 8:58:20 PM Ignore SparkieMi Report Abuse Greed will keep the pump prices high....
sehonda Champion Author Honolulu Posts:2,108 Points:930,810 Joined:May 2009	Message Posted: May 3, 2012 8:56:12 PM Ignore sehonda Report Abuse those on vacation will still drive...
whaboush Champion Author Richmond Posts:1,233 Points:751,660 Joined:Nov 2010	Message Posted: May 3, 2012 8:56:07 PM Ignore whaboush Report Abuse It's because the fricken prices are so high.
N4PIP Champion Author Miami Posts:1,010 Points:445,055 Joined:Jan 2012	Message Posted: May 3, 2012 8:52:49 PM Ignore N4PIP Report Abuse With fuel prices high and drivers switching to more economical vehicles, this is not much of a surprise. I hope the trend continues.
tidalwave3 Champion Author Tallahassee Posts:1,367 Points:1,489,610 Joined:Jun 2008	Message Posted: May 3, 2012 8:52:27 PM Ignore tidalwave3 Report Abuse I believe continued reduction in gasoline consumtion, will cause a lower of gasoline prices. The speculators can't get stuck with gas as it will go bad (gas doesn't have a long "shelf life") :)
jessek Champion Author Detroit Posts:2,657 Points:1,280,490 Joined:Sep 2008	Message Posted: May 3, 2012 8:47:59 PM Ignore jessek Report Abuse Will the price of gasoline drop?
SparkieMi Champion Author Kalamazoo Posts:3,400 Points:615,595 Joined:Sep 2011	Message Posted: May 3, 2012 8:47:06 PM Ignore SparkieMi Report Abuse Time will tell...
DustyHorse Champion Author Virginia Posts:6,222 Points:1,417,740 Joined:Oct 2008	Message Posted: May 3, 2012 8:46:57 PM Ignore DustyHorse Report Abuse Good news.
Is246 Champion Author Albuquerque Posts:1,044 Points:443,535 Joined:Apr 2011	Message Posted: May 3, 2012 8:46:24 PM Ignore Is246 Report Abuse I'm going to use alot less.
FrugalLadyTX Rookie Author Houston Posts:35 Points:3,840 Joined:Apr 2012	Message Posted: May 3, 2012 8:45:13 PM Ignore FrugalLadyTX Report Abuse I didn't read the entire article...maybe I should've. It is a good idea that people pull back on their useage. Of course, in places such as Texas where there is no decent public transportation for most areas, one must have a vehicle and it is often required that each adult in the home has their own vehicle because everyone goes in different directions...true, there are more motorcycles, scooters, Smart Cars, etc...but there has been a bit of a pullback on motorcycles due to recent increases in deaths... Hopefully, people will make/take a stand and pull back when they can, buy the vehicles that are economical, etc...yes, we need to find our fun closer to home...maybe even a job closer to home...and then there are those who are in the unfortunate position of not having a job to go to daily, etc....but, guess they have to go out on interviews, etc. (SIGH) Well it seems these darn oil companies have us, don't they....or do they. Hey, I live in an OIL state and in an area where there are refineries almost everywhere you look...but...I've been one of those who have tried to get their attention for decades to redirect their attentions. Ummmmm...you know, make it better for one and all...including the air, the earth and the waterways. But, I am a Texan and like anyone, I am loyal to my state, home. We have our problems like all the rest. (smile)
mstearno Champion Author Dayton Posts:8,174 Points:1,755,920 Joined:Jan 2008	Message Posted: May 3, 2012 8:45:05 PM Ignore mstearno Report Abuse no jobs less driving way to go OBAMA
furiousfowl Champion Author Riverside Posts:16,975 Points:2,770,735 Joined:May 2005	Message Posted: May 3, 2012 8:44:55 PM Ignore furiousfowl Report Abuse we'll see