Tag: Shepard

US gasoline demand poised to decline by over 1.7 million b/d by 2030

If Midwest must push into the Gulf Coast to clear gasoline surplus, Midwest gasoline pricing could be severely depressed Following strong demand growth in 2015 and 2016, US gasoline demand surpassed its 2007 peak to reach 9.4 million b/d—nearly half of the country’s total refined product demand, according to Wood Mackenzie. However, gasoline demand may be […]