Demand for refined petroleum products such as gasoline are still not yet at pre-pandemic levels.
oil
Federal data released Thursday show gasoline demand is charting new heights, as oil prices step back from a 6-year-high.
A small dip in implied demand was attributed to inclement weather.
Should U.S. oil prices run too hot, they will approach global prices and diminish incentives to export.
Markets were volatile as the usual movers were overshadowed by the U.S. Federal Reserve.
Contrasting moves come within days of each other.
Iran remains something of an elephant in the room for the crude oil market.
Pro and con comments can be submitted to the state’s government until July 4.
Gasoline demand is at pre-pandemic levels.
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