Despite Record Gas Prices, Demand Keeps Increasing - About - News & Issues

The ( EIA ) reports that gasoline prices hit a new all-time record last week, increasing 11. Despite high prices, demand is 1% higher than last year. That means the shortage is in refinery production (earlier this year, due to planned maintenance and unplanned outages) and lower inventories. What It Means to You Since current record gas prices are not reflective of record high oil prices, the impact on inflation should be minimal. User Agreement | Ethics Policy | Patent Info. read more

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