Daily Energy Report

US gasoline demand, US crude production, rig count, OPEC+ meeting speculation, US summer gas demand, Americans prefer ICE vehicles to EVs, CA solar scam, Asia heat spurs LNG, and more.

Chart of the Day: US Gasoline Demand Not Yet Recovered to Pre-COVID Levels

Summary

Despite the recent increases in gasoline consumption since the beginning of the year, US gasoline demand remains below that of 2023 and has NOT recovered to pre-COVID levels.  Figure (1) shows trends in implied US gasoline demand. 

EOA’s Main Takeaways