Global demand for oil has fallen in recent weeks as economic growth has slowed around the world, including in China , analysts said. Demand data and consumer surveys also suggest Americans are driving less . That global drop-off in oil demand has led to an improvement in oil supplies, resulting in lower oil and wholesale fuel prices, analysts said. Americans, as a result, are paying less at the pump than they were at the beginning of the summer. “You’ve seen tremendous drops at wholesale prices really in every nook and cranny of the country,” said Tom Kloza, global head of energy analysis for OPIS. Whether gas prices keep moving lower depends on several factors. Potential hurricanes around the Gulf of Mexico could force refineries offline, and unanticipated disruptions from the Russia-Ukraine conflict could both drive gas prices up again, analysts said. Patrick De Haan, head of petroleum analysis at […]