Gasoline sales to U.S. motorists rose by more than 5 percent in July compared with the same month a year before, according to the U.S. Energy Information Administration (EIA). Gasoline sales are rising at the fastest year-over-year rates for more than 14 years as demand surges. Continued economic expansion, rising employment and cheaper fuel are putting a record volume of traffic on U.S. roads as well as encouraging motorists to upgrade to larger and more fuel hungry vehicles. Gasoline sales were up 5.1 percent in July 2015 compared with July 2014, according to the EIA’s Prime Supplier Report published on Tuesday ( link.reuters.com/pyv65w ). Sales for the first seven months as a whole were up 4.4 percent compared with 2014 ( link.reuters.com/myv65w ). The Prime Supplier Report is based on a census of around 200 firms that […]

Posted in: USA