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
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
