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Pa. Gas Prices Decline, Going Against Trends

 


U.S. gasoline demand hit its highest level at 9.93 million barrels per day for the week ending June 14.

It is the highest level ever recorded since the Energy Information Administration (EIA) began publishing data in 1991.

Counterintuitively, as motorists drive demand to new heights, pump prices pushed even cheaper across the country on the week. This is due to the recent trend in cheaper crude pricing and because crude comprises roughly 60 percent of the costs people pay at the pump, drivers are seeing summer savings.

When compared to this time last year, domestic crude prices are cheape...



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