Current holiday weekend has demand exceeds Memorial DayEvery single PADD up. Very interesting to see not a single PADD in decline across the whole country on this US holiday weekend given prices. My thoughts are maybe the rate increases don't impact until fall/winter due to the stash of cash many have. I mean summer and winter travel is mostly booked and paid for already....I have heard many places fully booked even for Christmas. It will be an interesting Summer/Fall....just in time for the SPR program to end.
'Patrick De Haan
GasBuddyGuy
According to GasBuddy data, weekly (Sun-Sat) US gasoline demand rose 6.3% from the prior week and was 7.4% above the rolling four week average. It was the highest week of 2022. Broken down by PADD:
PADD 1 +5.2%
PADD 2 +8.6%
PADD 3 +4.6%
PADD 4 +7.2%
PADD 5 +5.0%"