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    Home > Chemicals Industry > Chemical Technology > As oil prices go higher, U.S. gasoline consumption stagnates

    As oil prices go higher, U.S. gasoline consumption stagnates

    • Last Update: 2022-11-26
    • Source: Internet
    • Author: User
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    According to Reuters London on September 25, as rising prices have curbed driving behavior, traffic on U.
    S.
    highways has stopped growing, and gasoline consumption has also decreased
    .

    Traffic fell 0.
    3 percent
    in July on a seasonally adjusted basis from a year earlier, according to the Federal Highway Administration.

    Traffic growth has been negative for two months so far this year, the first reading below zero
    since early 2014.

    Traffic grew by less than 0.
    3 percent in the three months from May to July compared to the same period last year, down from 2-3 percent annual growth
    in 2015 and 2016.

    According to Reuters London on September 25, as rising prices have curbed driving behavior, traffic on U.
    S.
    highways has stopped growing, and gasoline consumption has also decreased
    .

    gasoline

    Traffic fell 0.
    3 percent
    in July on a seasonally adjusted basis from a year earlier, according to the Federal Highway Administration.

    Traffic growth has been negative for two months so far this year, the first reading below zero
    since early 2014.

    Traffic grew by less than 0.
    3 percent in the three months from May to July compared to the same period last year, down from 2-3 percent annual growth
    in 2015 and 2016.

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