¬†US gasoline prices hit six-year high of $3.14/ gal in July Global oil demand to top pre-pandemic level in 2022 EIA trims US oil output estimate by 80,000 b/d for 2022 Rising oil supply from OPEC+, US oil producers and other sources will outpace global oil demand growth next year, the US Energy Information Administration said Aug. 10 in its latest Short-Term Energy Outlook. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now EIA cut its estimate for 2022 global oil demand growth by 100,000 b/d from last month’s outlook, now predicting demand will increase by 3.6 million b/d from 2021 to 101.3 million b/d in 2022. That would put 2022 global oil demand above pre-pandemic levels for the first time, or 350,000 b/d above the 2019 average. EIA cut its 2022 outlook for US jet fuel demand by 80,000 b/d to 1.6 […]