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U.S. Gasoline Demand Grows 1.5% in March-April Despite 50% Price Rise, Says IEA

2026-07-10 09:05:06

GAS1.35%

According to the International Energy Agency (IEA), U.S. gasoline demand grew 1.5 percent year-over-year in March and April, reversing a 12-month declining trend despite gas prices rising nearly 50 percent. The increase came as consumer confidence weakened, marking unexpectedly strong momentum in fuel consumption. U.S. drivers account for nearly one-third of global gasoline consumption, making American fuel demand a critical market factor. The IEA noted preliminary data indicated growth slowed in May and June.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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