Gasoline Demands Increases in U.S. in June/July

The daily consumption of gasoline in the U.S. has risen for the past four weeks to over 9.5 million barrels per day. This is 480,000 bpd above 2014 consumption and 250,000 bpd above the 10 year average. Refineries are running at full capacity to meet the increased demand. " U.S. refineries have been processing a near-record 16.5 million bpd of crude in recent weeks,1 million bpd higher than the seasonal average." Lower prices at the pump (25% less than in the summer 2014) are encouraging Americans to drive more.