Traffic on the Long Island Expressway in New York City
Lower oil prices fuel US driving season
US gasoline consumption is at its highest level since before COVID, but while stocks remain healthy, the hurricane season threatens
After peaking at the end of the last decade, US gasoline demand has rebounded in the post-COVID era. In 2025, low oil prices are likely to support gasoline consumption despite tariffs impacting new car sales and squeezed disposable incomes. Transportation fuel supply and stocks remain ample, although meteorologists are expecting a busy hurricane season, which could mean disruptions. Overall conditions look favourable for US motorists at the start of the driving season. According to the American Automobile Association (AAA), 45.1m Americans were expected to travel for Memorial Day weekend 2025, a significant increase of 1.4m travellers compared with last year. 39.4m – Travellers over Me
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