Is Surprisingly Strong Gasoline Demand a Sign of What’s to Come This Summer?

Big difference compared to high-demand 2007 is today’s lower prices

by Myra P. Saefong
Market Watch

The latest weekly decline in U.S. gasoline supplies wasn’t a surprise, but the strength in demand for the fuel at this time of the year is a shocker.

That means that even if pump prices nose higher by Memorial Day as some predict, stronger-than-usual driving demand could help sop up some of the excess domestic crude supplies.

“The last few weeks with impressive gasoline demand could be a harbinger of what’s to come for the summer-driving season,” said Patrick DeHaan, senior petroleum analyst at

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