U.S. gasoline demand is resilient despite all-time high prices. As of May 16, the nationwide average price of a gallon of regular gasoline was $4.483. Gasoline demand in the United States increased by 3.0% in the past week, U.S. gasoline demand is not going down despite record-high gasoline prices, which have been beating previous all-time highs on a daily basis in the past two weeks. As of May 16, the nationwide average price of a gallon of regular gasoline was $4.483—the highest on record, according to AAA data . That’s up from $4.328 a week ago, $4.077 a month ago, and a massive jump from $3.044 per gallon on the same day in 2021. Over the past days, U.S. gasoline prices have been setting records day after day . High international crude oil prices, with markets rattled by the Russian invasion of Ukraine and a post-COVID recovery in travel […]