US Gasoline Consumption Down

  • US Gasoline Consumption Down

    The US Energy Information Administration reported in their This Week In Petroleum report that in the first quarter of 2012, US drivers consumed 5% less gasoline than in the same quarter of 2007.

    In the first quarter of 2007, US drivers consumed just over 9.0 million bbl/d of gasoline. In the five years since, consumption has fallen about 450,000 bbl/d to average less than 8.6 million bbl/d for the first quarter of 2012.

    This is the third industry source, after OPIS and MasterCard, to report a decline in fuel consumption.

    From a fuel price management perspective, this is yet another indication that the competition for retail fuel sales continues to be intense. Fuel Pricing Software systems are critical for c-stores to achieve their fuel volume goals, whether they be maintaining fuel levels year over year, or gaining market share.

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