Refiners Cheer Good Start to U.S. Driving Season ...Middle East

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Refiners Cheer Good Start to U.S. Driving Season
source : OILPRICE ( Middle East ) () 58
U.S. gasoline consumption over Memorial Day weekend, the start of the U.S. driving season, rose by 2% from the same weekend last year as consumers took advantage of lower prices at the pump. The higher demand at the start of the summer driving season suggests good profits for the U.S. oil refiners that make the fuel, at least for now. The lower gasoline prices compared to last year gives a big push up to U.S. gasoline consumption. Prices were $3.162 per gallon of regular gasoline nationwide on Friday, according to AAA data. That’s $0.40 a…

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