Second-quarter U.S. gasoline consumption has been less than during 2021

Based on weekly estimates in our Weekly Petroleum Status Report (WPSR), less gasoline has been consumed in the United States during the second quarter of 2022 and early July than during the same period in 2021. Our latest Petroleum Supply Monthly (PSM) confirms the trend, which shows that U.S. gasoline consumption (measured as product supplied) averaged 8.8 million barrels per day (b/d) this April, or 0.4% less than during April 2021.