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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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truckguy115 Champion Author Orange County Posts:1,633 Points:221,295 Joined:Apr 2008	Message Posted: May 3, 2012 10:30:50 PM Ignore truckguy115 Report Abuse and gas prices will reach record highs this summer too.
nztyraider Champion Author Nevada Posts:2,273 Points:695,575 Joined:Apr 2009	Message Posted: May 3, 2012 10:30:31 PM Ignore nztyraider Report Abuse Cool.
darkknight1 Champion Author Winston-Salem Posts:4,350 Points:898,760 Joined:Nov 2010	Message Posted: May 3, 2012 10:26:32 PM Ignore darkknight1 Report Abuse Not surprising but even when we cut back on our usage, the prices don't fall
skyking19 Champion Author Little Rock Posts:2,006 Points:1,701,665 Joined:Jan 2007	Message Posted: May 3, 2012 10:25:23 PM Ignore skyking19 Report Abuse Not surprising.
gass12 Champion Author Omaha Posts:8,404 Points:2,306,640 Joined:Oct 2005	Message Posted: May 3, 2012 10:24:17 PM Ignore gass12 Report Abuse Good lets hope the price drops.
acvw74 Champion Author Illinois Posts:2,115 Points:691,900 Joined:Apr 2011	Message Posted: May 3, 2012 10:22:05 PM Ignore acvw74 Report Abuse I wouldn't bet on it?
amchornetx Champion Author Twin Cities Posts:88,654 Points:3,412,985 Joined:Oct 2003	Message Posted: May 3, 2012 10:20:16 PM Ignore amchornetx Report Abuse Greed and PIGS! Well said Focus2!
leemun Champion Author Utah Posts:5,549 Points:1,042,300 Joined:May 2010	Message Posted: May 3, 2012 10:19:58 PM Ignore leemun Report Abuse The fun has been taken out of road trips.
Buck_on_Bass Champion Author Tennessee Posts:7,589 Points:1,458,985 Joined:Jul 2007	Message Posted: May 3, 2012 10:15:56 PM Ignore Buck_on_Bass Report Abuse Between better mileage vehicles and people cutting back on driving, I'd be surprised if the miles driven had not dropped.
bigLtowing Champion Author Columbus Posts:2,849 Points:594,515 Joined:Aug 2011	Message Posted: May 3, 2012 10:12:35 PM Ignore bigLtowing Report Abuse just greed
saleboss Champion Author Phoenix Posts:3,929 Points:1,177,875 Joined:Feb 2006	Message Posted: May 3, 2012 10:11:48 PM Ignore saleboss Report Abuse When gas prices drop below 3.25 per gallon I will start to think about a driving vacation!
w9med Champion Author Gary Posts:1,128 Points:328,445 Joined:Aug 2011	Message Posted: May 3, 2012 10:10:38 PM Ignore w9med Report Abuse And pigs will fly
Focus2 Champion Author Illinois Posts:7,896 Points:1,920,520 Joined:Mar 2006	Message Posted: May 3, 2012 10:10:20 PM Ignore Focus2 Report Abuse When Bush was in office we paid over $4 a gallon. I said, a long time ago that we would be using less gasoline as we got electric cars and better mileage. Analyst were saying demand in the USA would be more. In 2008 in July gas prices started dropping because of congressional hearings and closing an Enron loophole. Want to get gasoline prices down? Get after your do nothing congress to enforce the law on the CFTC to do its job by limiting speculation and stop helping Wall Street! Or just sit there and blame your President.
jb107 Champion Author New Jersey Posts:9,564 Points:2,624,075 Joined:Sep 2005	Message Posted: May 3, 2012 10:09:30 PM Ignore jb107 Report Abuse I know that my driving plans are down.
gmcgas Champion Author Atlanta Posts:5,968 Points:1,716,345 Joined:Mar 2004	Message Posted: May 3, 2012 10:08:26 PM Ignore gmcgas Report Abuse is anyone really suprized?
Fedorov91 Champion Author Tampa Posts:1,465 Points:881,585 Joined:Oct 2008	Message Posted: May 3, 2012 10:07:30 PM Ignore Fedorov91 Report Abuse we shall see.. Gas down to $3.50 today... for now
DrLyon Champion Author Michigan Posts:6,660 Points:1,214,530 Joined:May 2006	Message Posted: May 3, 2012 10:05:30 PM Ignore DrLyon Report Abuse Would b nice if gas went lower...
bdlewis Champion Author Colorado Posts:1,384 Points:382,905 Joined:Oct 2008	Message Posted: May 3, 2012 10:04:09 PM Ignore bdlewis Report Abuse what would you expect
boborobot All-Star Author Michigan Posts:501 Points:419,300 Joined:Dec 2011	Message Posted: May 3, 2012 10:04:04 PM Ignore boborobot Report Abuse Take the bus on the next family vacation.
TBRR Champion Author Jacksonville Posts:3,672 Points:599,320 Joined:Dec 2007	Message Posted: May 3, 2012 10:02:14 PM Ignore TBRR Report Abuse has anyone noticed the small amount of traffic on the roads between 9am and 3pm?? if you have to go somewhere, it is a great time to be alone on the roads. the price of gas is still killing the economy.
grizzlebird Rookie Author California Posts:86 Points:345,345 Joined:Feb 2010	Message Posted: May 3, 2012 9:56:08 PM Ignore grizzlebird Report Abuse When OBUMMER took office calif. gas was 1.78 a gallon. Ask yourself this question ,am i better off today than 3 and a half years ago? old grizz.
Blue48 Champion Author Illinois Posts:7,320 Points:1,640,870 Joined:Feb 2007	Message Posted: May 3, 2012 9:53:58 PM Ignore Blue48 Report Abuse NOT A SHOCKER!
KWM2011 Champion Author Ontario Posts:1,451 Points:351,950 Joined:May 2011	Message Posted: May 3, 2012 9:53:28 PM Ignore KWM2011 Report Abuse Ok.
ericbcire Champion Author Nevada Posts:4,535 Points:1,270,410 Joined:Aug 2009	Message Posted: May 3, 2012 9:48:10 PM Ignore ericbcire Report Abuse The price of oil should be less than $40 per barrel.
DEG Champion Author Las Vegas Posts:17,635 Points:3,497,630 Joined:Jul 2003	Message Posted: May 3, 2012 9:40:39 PM Ignore DEG Report Abuse I don't trust the current government (both parties are to blame). I feel that the economy may have bottomed out but I have yet to see any significant signs of recovery. Obama, Reid, and Pelosi shoulder much of the blame.
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: May 3, 2012 9:39:30 PM Ignore iceman11 Report Abuse interesting
cmsense Champion Author Columbus Posts:1,358 Points:165,345 Joined:Jan 2012	Message Posted: May 3, 2012 9:38:35 PM Ignore cmsense Report Abuse Only the person looking back in the mirror every morning will determine how much they choose to spend on fuel.Change your habits and save big bucks, keep tooling around in large inefficient vehicles and keep whining.
SoutheastdannyB All-Star Author Grand Rapids Posts:590 Points:581,880 Joined:Jul 2007	Message Posted: May 3, 2012 9:37:56 PM Ignore SoutheastdannyB Report Abuse too expensive to drive.
kzrooster Champion Author Kalamazoo Posts:2,400 Points:519,675 Joined:Nov 2011	Message Posted: May 3, 2012 9:36:21 PM Ignore kzrooster Report Abuse You will see our family not driving as much, who can go far from home at $4.00 a gallon?
5kvdave All-Star Author Los Angeles Posts:688 Points:350,000 Joined:May 2011	Message Posted: May 3, 2012 9:33:39 PM Ignore 5kvdave Report Abuse And still record profits for "BIG OIL"
babugp Veteran Author Philadelphia Posts:339 Points:76,685 Joined:Mar 2012	Message Posted: May 3, 2012 9:30:41 PM Ignore babugp Report Abuse kool
heysailor Champion Author Pittsburgh Posts:9,597 Points:2,335,595 Joined:Mar 2006	Message Posted: May 3, 2012 9:28:22 PM Ignore heysailor Report Abuse Wall Street and Congress haven't figured it out but there is a depression going on.
pickledude72 Champion Author California Posts:1,120 Points:837,845 Joined:Jul 2008	Message Posted: May 3, 2012 9:26:02 PM Ignore pickledude72 Report Abuse yadah yadah
broscheanu Sophomore Author Oakland Posts:242 Points:504,445 Joined:Jun 2011	Message Posted: May 3, 2012 9:25:29 PM Ignore broscheanu Report Abuse Of course prices won't dip. They're running a monopoly of a limited finite natural resource. There is NO relationship between demand and supply. Stop treating it like an open market economy! It is not. Think OPEC.
weenerdog Champion Author Detroit Posts:9,476 Points:1,887,815 Joined:Jan 2008	Message Posted: May 3, 2012 9:23:50 PM Ignore weenerdog Report Abuse going up!
nascar1411 Champion Author Idaho Posts:1,913 Points:665,240 Joined:Nov 2010	Message Posted: May 3, 2012 9:21:13 PM Ignore nascar1411 Report Abuse they will dip up.
TDIdave Champion Author California Posts:5,068 Points:1,226,690 Joined:May 2006	Message Posted: May 3, 2012 9:20:52 PM Ignore TDIdave Report Abuse Prices won't dip!!!! Hell, they export all the extra to India and China.... after all, they gotta keep supplies tight and keep prices up.
Hoporrene Veteran Author Mississippi Posts:312 Points:206,970 Joined:Dec 2011	Message Posted: May 3, 2012 9:16:17 PM Ignore Hoporrene Report Abuse ....
carefrey Champion Author Orlando Posts:5,545 Points:1,161,435 Joined:Sep 2009	Message Posted: May 3, 2012 9:13:23 PM Ignore carefrey Report Abuse Will prices dip with it?
SSchmidty Champion Author Illinois Posts:9,363 Points:1,780,130 Joined:Mar 2008	Message Posted: May 3, 2012 9:12:42 PM Ignore SSchmidty Report Abuse Dream on little and big pig-oil producers!
ratones1 Champion Author Los Angeles Posts:2,922 Points:734,680 Joined:Mar 2011	Message Posted: May 3, 2012 9:11:29 PM Ignore ratones1 Report Abuse GOING UP!!!
Jkent1953 Champion Author Salt Lake City Posts:2,006 Points:443,860 Joined:Dec 2011	Message Posted: May 3, 2012 9:10:42 PM Ignore Jkent1953 Report Abuse Still going to see price increases. Demand or not.
bababooey2 Champion Author Hartford Posts:6,362 Points:1,305,540 Joined:Sep 2009	Message Posted: May 3, 2012 9:05:15 PM Ignore bababooey2 Report Abuse Gee I wonder why.
knot2swift Champion Author Calgary Posts:4,398 Points:699,905 Joined:Nov 2009	Message Posted: May 3, 2012 9:05:10 PM Ignore knot2swift Report Abuse Prices will be up higher anyway. Being single, I gotta find a low maintenance babe. I'm in my 50's and need to exercise. She's probably got a fat ass as well. We'll dust off our bikes, go for miles and skronk in the woods somewhere near town. Maybe we'll pass out in the tall grass for a few hours before we have the energy to get home. That would be so nice. Sometimes we have to revert to our teenage years when we had no money.
mabrams184 Champion Author Lexington Posts:2,114 Points:536,715 Joined:Aug 2011	Message Posted: May 3, 2012 9:04:23 PM Ignore mabrams184 Report Abuse What will "Washington" say now.
200porter Champion Author Toronto Posts:2,080 Points:544,760 Joined:Sep 2011	Message Posted: May 3, 2012 9:03:23 PM Ignore 200porter Report Abuse Interesting, are people actually changing their driving habits?
tampacrvdriver Champion Author Tampa Posts:3,366 Points:715,135 Joined:May 2011	Message Posted: May 3, 2012 9:02:18 PM Ignore tampacrvdriver Report Abuse That's just a lie.
Edamon Champion Author Montreal Posts:1,098 Points:635,640 Joined:May 2010	Message Posted: May 3, 2012 9:01:56 PM Ignore Edamon Report Abuse ok
rbrk02 Champion Author Rhode Island Posts:5,758 Points:820,155 Joined:Jan 2011	Message Posted: May 3, 2012 9:01:40 PM Ignore rbrk02 Report Abuse Given the price of a gallon, is it any surprise that demand is expected to be down. I would be more surprised if demand were up.
jimbo1867 Champion Author Arizona Posts:5,392 Points:2,058,450 Joined:Apr 2005	Message Posted: May 3, 2012 9:01:20 PM Ignore jimbo1867 Report Abuse thanks to obummer's policies
RBob Champion Author Portland Posts:3,389 Points:2,350,800 Joined:May 2004	Message Posted: May 3, 2012 9:00:05 PM Ignore RBob Report Abuse Prices based on supply and demand does not work in a monopoly environment.
kishoreCA Champion Author Ventura Posts:3,136 Points:395,070 Joined:Mar 2012	Message Posted: May 3, 2012 8:50:27 PM Ignore kishoreCA Report Abuse Demand, not Price is expected to dip...not a news, because it is expected.