Supply Continues to Outpace Demand at Benefit to Motorists

Oct 12, 2020 · On the week 45 state gas price averages only fluctuated by one or two pennies, if at all. Demand just is not strong enough to outpace supply, which means drivers are continuing to benefit from cheaper prices at the pump,” added McGee. Today, motorists can find gas for …

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AAA WEEKLY FUEL GAUGE: Illinois $2.28 (-3 Cents) And Indiana …

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"The vast majority of motorists are seeing stability at the pump, even despite Hurricane Delta. On the week 45 state gas price averages only fluctuated by one or two pennies, if at all. Demand …

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AAA Weekly Fuel Gauge Supply Continues To Outpace Demand At …

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Oct 12, 2020 · Illinois $2.28 (-3 cents) and Indiana $2.12((+5 cents) among the nation’s top 10 largest weekly changes Over the weekend Hurricane Delta made landfall in

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Supply Continues To Outpace Gasoline Demand And Benefits …

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Oct 13, 2020 · The national gas price average held steady at $2.18 on the week, despite a slight jump in demand. Today, motorists can find gas for $2.25 or cheaper at 72% of gas stations, …

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Crude Oil Drops To Lowest Price In Five Months | AAA Newsroom

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Nov 2, 2020 · Despite the jump in demand, motorists are paying less to fill up. The national average pushed four cents cheaper to $2.12, while every state except South Dakota (+1 cent) …

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US Automotive Outlook: Supply, Demand, And The Financing Gap …

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Apr 11, 2024 · Highlights. U.S. light vehicles sales tracked 15.4 million (annualized) units in the first quarter of 2024, 2.7% above the year-ago level. North American automotive production …

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FAQs about Supply Continues to Outpace Demand at Benefit to Motorists Coupon?

Are geopolitical tensions a threat to North America's automotive supply chain?

While elevated geopolitical tensions still pose a moderate risk, current supply chain conditions are still consistent with pre-pandemic levels (Chart 1). This allowed North American automotive production to grow by 9.6% year-on-year (or over 1.37 million units) in 2023. ...

Why is the automotive market losing steam in 2024?

U.S. light vehicles sales in turn grew by 12.7% last year as model availability improvements helped to satiate some of the pent-up demand among retail and fleet customers. However, the automotive market has lost steam to start 2024 as elevated financing costs continue to sideline potential buyers and gradually push up auto loan delinquencies. ...

Why are Americans traveling more miles on less fuel?

American drivers are traveling more miles on less fuel than ever thanks to a generation of cars with more efficient engines as well as new electric vehicles. The government forecasts further declines for gasoline demand this year and next. ...

Why did light vehicle sales rise in 2023?

Light vehicle sales continued to trend higher over the past year, rising by 12.7% in 2023, aided by the rebound in production which boosted supply to its highest level in three years (Chart 6). ...

What happened to the automotive industry after last year's UAW strike?

The U.S. automotive industry has returned to a state of relative normality after several years of disruptions related to the pandemic in addition to last year’s UAW strike. Now with production trending higher, supply levels have returned to healthier levels allowing sales to push higher through the end of last year. ...

What is the future of gasoline demand?

The government forecasts further declines for gasoline demand this year and next. What comes next is a two-track future: short-term pain, followed by decades of economic and environmental benefits. ...