Demand for gasoline in the U.S. could be falling as price volatility, fueled by ongoing escalations in the Middle East amid the U.S.-Israel and Iran war, poses challenges to the global oil supply chain.
Low Demand in Peak Season?
On Wednesday, GasBuddy analyst Patrick De Haan said that demand for gasoline in the U.S. was at 8.84 million barrels per day, which looked "weak," according to De Haan.
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