");vwo_$('head').append(_vwo_sel);return vwo_$('head')[0] && vwo_$('head')[0].lastChild;})("HEAD")}}},rules:[{"triggers":["8536415"],"tags":[{"metricId":959033,"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":63}]}},{"metricId":959033,"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":64}]}},{"metricId":959033,"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":62}]}},{"metricId":959033,"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":48}]}}]},{"triggers":["8459768"],"tags":[{"metricId":951905,"id":"metric","data":{"type":"m","campaigns":[{"g":5,"c":63}]}},{"metricId":951905,"id":"metric","data":{"type":"m","campaigns":[{"g":5,"c":64}]}},{"metricId":951905,"id":"metric","data":{"type":"m","campaigns":[{"g":5,"c":62}]}},{"metricId":951905,"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":48}]}}]},{"triggers":["8639604"],"tags":[{"metricId":951908,"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":63}]}},{"metricId":951908,"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":64}]}},{"metricId":951908,"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":62}]}},{"metricId":951908,"id":"metric","data":{"type":"m","campaigns":[{"g":1,"c":48}]}}]},{"triggers":["8536409"],"tags":[{"metricId":959027,"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":63}]}},{"metricId":959027,"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":64}]}},{"metricId":959027,"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":62}]}},{"metricId":959027,"id":"metric","data":{"type":"m","campaigns":[{"g":5,"c":48}]}}]},{"triggers":["8536412"],"tags":[{"metricId":959030,"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":63}]}},{"metricId":959030,"id":"metric","data":{"type":"m","campaigns":[{"g":3,"c":64}]}},{"metricId":959030,"id":"metric","data":{"type":"m","campaigns":[{"g":2,"c":62}]}},{"metricId":959030,"id":"metric","data":{"type":"m","campaigns":[{"g":4,"c":48}]}}]},{"triggers":["10589191"],"tags":[{"priority":4,"id":"runCampaign","data":"campaigns.63"},{"priority":4,"id":"runCampaign","data":"campaigns.64"},{"priority":4,"id":"runCampaign","data":"campaigns.62"},{"priority":4,"id":"runCampaign","data":"campaigns.48"}]},{"triggers":["8"],"tags":[{"priority":3,"id":"prePostMutation"},{"priority":2,"id":"groupCampaigns"}]},{"triggers":["9"],"tags":[{"priority":2,"id":"visibilityService"}]},{"triggers":["2"],"tags":[{"id":"runTestCampaign"}]},{"triggers":["75"],"tags":[{"id":"urlChange"}]},{"triggers":["5"],"tags":[{"id":"checkEnvironment"}]}],pages:{"ec":[{"1625289":{"inc":["o",["url","urlReg","(?i).*"]]}}]},pagesEval:{"ec":[1625289]},stags:{}}})(); ;;var commonWrapper=function(argument){if(!argument){argument={valuesGetter:function(){return{}},valuesSetter:function(){},verifyData:function(){return{}}}}const getVisitorUuid=function(){if(window._vwo_acc_id>=1037725){return window.VWO&&window.VWO.get("visitor.id")}else{return window.VWO._&&window.VWO._.cookies&&window.VWO._.cookies.get("_vwo_uuid")}};var pollInterval=100;var timeout=6e4;return function(){var accountIntegrationSettings={};var _interval=null;function waitForAnalyticsVariables(){try{accountIntegrationSettings=argument.valuesGetter();accountIntegrationSettings.visitorUuid=getVisitorUuid()}catch(error){accountIntegrationSettings=undefined}if(accountIntegrationSettings&&argument.verifyData(accountIntegrationSettings)){argument.valuesSetter(accountIntegrationSettings);return 1}return 0}var currentTime=0;_interval=setInterval((function(){currentTime=currentTime||performance.now();var result=waitForAnalyticsVariables();if(result||performance.now()-currentTime>=timeout){clearInterval(_interval)}}),pollInterval)}}; var pushBasedCommonWrapper=function(argument){var firedCamp={};if(!argument){argument={integrationName:"",getExperimentList:function(){},accountSettings:function(){},pushData:function(){}}}return function(){window.VWO=window.VWO||[];const getVisitorUuid=function(){if(window._vwo_acc_id>=1037725){return window.VWO&&window.VWO.get("visitor.id")}else{return window.VWO._&&window.VWO._.cookies&&window.VWO._.cookies.get("_vwo_uuid")}};var sendDebugLogsOld=function(expId,variationId,errorType,user_type,data){try{var errorPayload={f:argument["integrationName"]||"",a:window._vwo_acc_id,url:window.location.href,exp:expId,v:variationId,vwo_uuid:getVisitorUuid(),user_type:user_type};if(errorType=="initIntegrationCallback"){errorPayload["log_type"]="initIntegrationCallback";errorPayload["data"]=JSON.stringify(data||"")}else if(errorType=="timeout"){errorPayload["timeout"]=true}if(window.VWO._.customError){window.VWO._.customError({msg:"integration debug",url:window.location.href,lineno:"",colno:"",source:JSON.stringify(errorPayload)})}}catch(e){window.VWO._.customError&&window.VWO._.customError({msg:"integration debug failed",url:"",lineno:"",colno:"",source:""})}};var sendDebugLogs=function(expId,variationId,errorType,user_type){var eventName="vwo_debugLogs";var eventPayload={};try{eventPayload={intName:argument["integrationName"]||"",varId:variationId,expId:expId,type:errorType,vwo_uuid:getVisitorUuid(),user_type:user_type};if(window.VWO._.event){window.VWO._.event(eventName,eventPayload,{enableLogs:1})}}catch(e){eventPayload={msg:"integration event log failed",url:window.location.href};window.VWO._.event&&window.VWO._.event(eventName,eventPayload)}};const callbackFn=function(data){if(!data)return;var expId=data[1],variationId=data[2],repeated=data[0],singleCall=0,debug=0;var experimentList=argument.getExperimentList();var integrationName=argument["integrationName"]||"vwo";if(typeof argument.accountSettings==="function"){var accountSettings=argument.accountSettings();if(accountSettings){singleCall=accountSettings["singleCall"];debug=accountSettings["debug"]}}if(debug){sendDebugLogs(expId,variationId,"intCallTriggered",repeated)}if(singleCall&&(repeated==="vS"||repeated==="vSS")||firedCamp[expId]){return}window.expList=window.expList||{};var expList=window.expList[integrationName]=window.expList[integrationName]||[];if(expId&&variationId&&["VISUAL_AB","VISUAL","SPLIT_URL"].indexOf(_vwo_exp[expId].type)>-1){if(experimentList.indexOf(+expId)!==-1){firedCamp[expId]=variationId;var visitorUuid=getVisitorUuid();var pollInterval=100;var currentTime=0;var timeout=6e4;var user_type=_vwo_exp[expId].exec?"vwo-retry":"vwo-new";var interval=setInterval((function(){if(expList.indexOf(expId)!==-1){clearInterval(interval);return}currentTime=currentTime||performance.now();var toClearInterval=argument.pushData(expId,variationId,visitorUuid);if(debug&&toClearInterval){sendDebugLogsOld(expId,variationId,"",user_type);sendDebugLogs(expId,variationId,"intDataPushed",user_type)}var isTimeout=performance.now()-currentTime>=timeout;if(isTimeout&&debug){sendDebugLogsOld(expId,variationId,"timeout",user_type);sendDebugLogs(expId,variationId,"intTimeout",user_type)}if(toClearInterval||isTimeout){clearInterval(interval)}if(toClearInterval){window.expList[integrationName].push(expId)}}),pollInterval||100)}}};window.VWO.push(["onVariationApplied",callbackFn]);window.VWO.push(["onVariationShownSent",callbackFn])}}; var surveyDataCommonWrapper=function(argument){if(!argument){argument={getCampaignList:function(){return[]},surveyStatusChange:function(){},answerSubmitted:function(){}}}return function(){window.VWO=window.VWO||[];function getValuesFromAnswers(answers){var values=[];for(var i=0;i=timeout;if(toClearInterval||isTimeout){clearInterval(interval)}}),pollInterval)}}window.VWO.push(["onSurveyShown",function(data){commonSurveyCallback(data,argument.surveyStatusChange,"surveyShown")}]);window.VWO.push(["onSurveyCompleted",function(data){commonSurveyCallback(data,argument.surveyStatusChange,"surveyCompleted")}]);window.VWO.push(["onSurveyAnswerSubmitted",function(data){commonSurveyCallback(data,argument.answerSubmitted,"surveySubmitted")}])}}; (function(){var VWOOmniTemp={};window.VWOOmni=window.VWOOmni||{};for(var key in VWOOmniTemp)Object.prototype.hasOwnProperty.call(VWOOmniTemp,key)&&(window.VWOOmni[key]=VWOOmniTemp[key]);;})();(function(){window.VWO=window.VWO||[];var pollInterval=100;var _vis_data={};var intervalObj={};var analyticsTimerObj={};var experimentListObj={};window.VWO.push(["onVariationApplied",function(data){if(!data){return}var expId=data[1],variationId=data[2];if(expId&&variationId&&["VISUAL_AB","VISUAL","SPLIT_URL"].indexOf(window._vwo_exp[expId].type)>-1){}}])})();; ;var vD=VWO.data||{};VWO.data={content:{"fns":{"list":{"args":{"1":{}},"vn":1}}},as:"r4.visualwebsiteoptimizer.com",dacdnUrl:"https://dev.visualwebsiteoptimizer.com",accountJSInfo:{"rp":30,"pc":{"t":0,"a":0},"ts":1744282767,"noSS":false}};for(var k in vD){VWO.data[k]=vD[k]};;var gcpfb=function(a,loadFunc,status,err,success){function vwoErr() {_vwo_err({message:"Google_Cdn failing for " + a + ". Trying Fallback..",code:"cloudcdnerr",status:status});} if(a.indexOf("/cdn/")!==-1){loadFunc(a.replace("cdn/",""),err,success); vwoErr(); return true;} else if(a.indexOf("/dcdn/")!==-1&&a.indexOf("evad.js") !== -1){loadFunc(a.replace("dcdn/",""),err,success); vwoErr(); return true;}};window.VWO=window.VWO || [];window.VWO._= window.VWO._ || {};window.VWO._.gcpfb=gcpfb;;var d={cookie:document.cookie,URL:document.URL,referrer:document.referrer};var w={VWO:{_:{}},location:{href:window.location.href,search:window.location.search},_vwoCc:window._vwoCc};;window._vwo_cdn="https://dev.visualwebsiteoptimizer.com/cdn/";window._vwo_apm_debug_cdn="https://dev.visualwebsiteoptimizer.com/cdn/";window.VWO._.useCdn=true;window.vwo_eT="br";window._VWO=window._VWO||{};window._VWO.fSeg={};window._VWO.dcdnUrl="/dcdn/settings.js";window.VWO.sTs=1744234544;window._VWO._vis_nc_lib=window._vwo_cdn+"edrv/nc-479020701b03a67ac82563c903685a3dbr.js";var loadWorker=function(url){_vwo_code.load(url, { dSC: true, onloadCb: function(xhr,a){window._vwo_wt_l=true;if(xhr.status===200 ||xhr.status===304){var code="var window="+JSON.stringify(w)+",document="+JSON.stringify(d)+";window.document=document;"+xhr.responseText;var blob=new Blob([code||"throw new Error('code not found!');"],{type:"application/javascript"}),url=URL.createObjectURL(blob);window.mainThread={webWorker:new Worker(url)};window.vwoChannelFW=new MessageChannel();window.vwoChannelToW=new MessageChannel();window.mainThread.webWorker.postMessage({vwoChannelToW:vwoChannelToW.port1,vwoChannelFW:vwoChannelFW.port2},[vwoChannelToW.port1, vwoChannelFW.port2]);if(!window._vwo_mt_f)return window._vwo_wt_f=true;_vwo_code.addScript({text:window._vwo_mt_f});delete window._vwo_mt_f}else{if(gcpfb(a,loadWorker,xhr.status)){return;}_vwo_code.finish("&e=loading_failure:"+a)}}, onerrorCb: function(a){if(gcpfb(a,loadWorker)){return;}window._vwo_wt_l=true;_vwo_code.finish("&e=loading_failure:"+a);}})};loadWorker("https://dev.visualwebsiteoptimizer.com/cdn/edrv/worker-1c9fee42429b92a40520b9e729427a4cbr.js");;var _vis_opt_file;var _vis_opt_lib;if(window.VWO._.allSettings.dataStore.previewExtraSettings!=undefined&&window.VWO._.allSettings.dataStore.previewExtraSettings.isSurveyPreviewMode){var surveyHash=window.VWO._.allSettings.dataStore.plugins.LIBINFO.SURVEY_DEBUG_EVENTS.HASH;var param1="evad.js?va=";var param2="&d=debugger_new";var param3="&sp=1&a=940895&sh="+surveyHash;_vis_opt_file=vwoCode.use_existing_jquery&&typeof vwoCode.use_existing_jquery()!=="undefined"?vwoCode.use_existing_jquery()?param1+"vanj"+param2:param1+"va_gq"+param2:param1+"edrv/va_gq-490eab2ac216e9c16b808566fe50395fbr.js"+param2;_vis_opt_file=_vis_opt_file+param3;_vis_opt_lib="https://dev.visualwebsiteoptimizer.com/dcdn/"+_vis_opt_file}else if(window.VWO._.allSettings.dataStore.mode!=undefined&&window.VWO._.allSettings.dataStore.mode=="PREVIEW"){ var path1 = 'edrv/pd_'; var path2 = window.VWO._.allSettings.dataStore.plugins.LIBINFO.EVAD.HASH + ".js"; ;_vis_opt_file=vwoCode.use_existing_jquery&&typeof vwoCode.use_existing_jquery()!=="undefined"?vwoCode.use_existing_jquery()?path1+"vanj"+path2:path1+"va_gq"+path2:path1+"edrv/va_gq-490eab2ac216e9c16b808566fe50395fbr.js"+path2;_vis_opt_lib="https://dev.visualwebsiteoptimizer.com/cdn/"+_vis_opt_file}else{_vis_opt_file=vwoCode.use_existing_jquery&&typeof vwoCode.use_existing_jquery()!=="undefined"?vwoCode.use_existing_jquery()?"edrv/vanj-8871eee5401758fb6066fb706f4a8fd5br.js":"edrv/va_gq-490eab2ac216e9c16b808566fe50395fbr.js":"edrv/va_gq-490eab2ac216e9c16b808566fe50395fbr.js"}window._vwo_library_timer=setTimeout((function(){vwoCode.removeLoaderAndOverlay&&vwoCode.removeLoaderAndOverlay();vwoCode.finish()}),vwoCode.library_tolerance&&typeof vwoCode.library_tolerance()!=="undefined"?vwoCode.library_tolerance():2500),_vis_opt_lib=typeof _vis_opt_lib=="undefined"?window._vwo_cdn+_vis_opt_file:_vis_opt_lib;var loadLib=function(url){_vwo_code.load(url, { dSC: true, onloadCb:function(xhr,a){window._vwo_mt_l=true;if(xhr.status===200 || xhr.status===304){if(!window._vwo_wt_f)return window._vwo_mt_f=xhr.responseText;_vwo_code.addScript({text:xhr.responseText});delete window._vwo_wt_f;}else{if(gcpfb(a,loadLib,xhr.status)){return;}_vwo_code.finish("&e=loading_failure:"+a);}}, onerrorCb: function(a){if(gcpfb(a,loadLib)){return;}window._vwo_mt_l=true;_vwo_code.finish("&e=loading_failure:"+a);}})};loadLib(_vis_opt_lib);VWO.load_co=function(u,opts){return window._vwo_code.load(u,opts);};;;}}catch(e){_vwo_code.finish();_vwo_code.removeLoaderAndOverlay&&_vwo_code.removeLoaderAndOverlay();_vwo_err(e);window.VWO.caE=1}})();

Marketplace®

Daily business news and economic stories

Summer gasoline demand is down, despite lower prices

Vehicles have generally become more energy-efficient, and there are fewer commuters on the road. Those factors may be keeping a lid on gasoline prices as travel season ramps up.
Vehicles have generally become more energy-efficient, and there are fewer commuters on the road. Those factors may be keeping a lid on gasoline prices as travel season ramps up.
Scott Olson/Getty Images

Thursday was is the first official day of summer, which ushers in high season for the travel industry. Normally, demand for gasoline grows as road-tripping families fill up their tanks. But even though gas prices are cheaper this year than last, people are just not buying fuel like they used to.

The U.S. is the No. 1 market for gasoline in the world, but Tom Kloza, analyst at energy price data firm OPIS, said demand has been slogging along. 

“There’s no question, people aren’t feeling it,” he said.

Especially middle- and lower-income people. Because while gas prices may be lower, “hotel fees and eating out is so expensive that you can save 10 cents on gasoline, but it’s not going to make a difference to your lifestyle,” he said.

While some may be sensitive to travel costs, there are also fewer gas guzzlers on the road, Kloza said, so each gallon is going farther.  

“The efficiency of the fleet is really having an impact out there,” he said.

And some travelers aren’t using gasoline at all to get around.

“The slowing of U.S. demand for gasoline is due to the substitution effects from choosing air travel or choosing to travel on the road with [electric] or more efficient vehicles,” said Amelie Carlton, an economics lecturer at Rice University.

And with the flexibility of working from home, not as many people are driving into the office. All of which eases pressure on gas prices.

“The refineries ramped up production expecting increased demand over the summer,” said Carlton. “Their expectations have not been met with the demand from the American consumer. As a result, higher supply and lower demand have led to lower prices at the pump.” 

As for U.S. refiners, many of which are concentrated on the Gulf Coast, economist Jesse Thompson of the Dallas Federal Reserve said they are in a better position to deal with a lackluster gasoline market than those in Europe and Asia. 

“So if the demand here is weak and margins are in negative or very low or very, very low territory abroad, then I would expect you to see those refineries abroad cut run rates first,” he said.

And cutting their production would make more room for refiners in the United States to ship gasoline abroad. 

Related Topics

Latest Episodes

View All Shows
  • Marketplace Morning Report
    19 hours ago
    6:59
  • Marketplace Tech
    17 hours ago
    7:32
  • Make Me Smart
    16 hours ago
    11:13
  • Marketplace
    13 hours ago
    25:53
  • Financially Inclined
    6 days ago
    12:00
  • How We Survive
    a day ago
    26:17