EIA again boosts US summer gasoline demand outlook US oil output to rise to 11.8 mil b/d by next year OPEC production expected to rise to 28 mil b/d by Q3 Global oil supply will match demand for much of the rest of the year as OPEC and US producers increase output, while demand continues to recover from pandemic levels, the US Energy Information Administration said June 8. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now EIA raised its outlook for US gasoline demand for a second month in a row, now predicting drivers will consume 9.1 million b/d this summer, given stronger economic indictors. That would put April-September 2021 demand 1.3 million b/d above summer 2020 levels but still more than 400,000 b/d below pre-pandemic levels seen in summer 2019. EIA predicts US regular-grade gasoline retail prices to average $2.92/gal this […]