U.S. motor gasoline product supplied , a proxy for gasoline use in the United States, has been rising after reaching an 11-year low in 2012. Although lower gasoline prices have been an important factor in the increase in gasoline use so far in 2015, changes in the labor market and in the vehicle sales mix over the past few years also have contributed to the rise in gasoline use. Because more than 90% of U.S. motor gasoline is used in light-duty vehicles (LDVs), factors that affect vehicle miles traveled (VMT) and the average fuel economy of the LDV fleet can also lead to changes in gasoline consumption. In addition to lower gasoline prices, a stronger U.S. job market and higher wage growth may have contributed to record-high VMT , and sales trends in […]