Gasoline demand in the United States reached the highest level on record in August this year, at 9.77 million bpd, or up by 83,000 bpd from August 2016. That’s according to the Energy Information Agency, which added that this was the fourth monthly increase in demand in the past five months. The increase is rather modest, however, and the next few months could see declines, as the last quarter of the year is a traditionally weak period for gasoline demand. Prices for the most popular fuel rose palpably in September, following the demand disruptions during this year’s hurricane season. These hit a two-year high of US$2.69 per gallon in early September, but later fell to US$2.57 a gallon in early October. The EIA expects gasoline prices to average US$2.49 per gallon in October and continue falling, to reach US$2.33 per gallon in December. U.S. gasoline demand accounts for a […]