Weakening in demand for gasoline in the U.S.

For the first time in five years, u.s. refineries are experiencing difficulty with weakening in demand for gasoline. The industries have obtained good stocks in the year 2016, with record demand. However, the global production cuts announced by OPEC, made up the price of oil, and slow demand for fuel.

According to the Managing Director of ESAI Energy, Sarah Emerson, when the value of oil is on the rise, consumption and gasoline demand fall. Information on the administration of the United States Energy information suggest that the average supply of gasoline in the country is the least since February 2012.

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