Study also reveals an overwhelming majority (78 percent) say rising gas prices are now impacting daily driving.
Posts tagged as “miles traveled”
Georgia, Kansas and Oklahoma are still holdouts for crossing the $4 per gallon mark as the national average for a gallon of gasoline is now $4.48.
ICE vehicles will continue to generate strong aftermarket sales for many years, even if the most robust estimates of EV new vehicle sales materialize.
Consumers may be catching a little break from March’s record-high prices, but don’t expect any dramatic drops.
Gasoline demand is defying seasonal trends and has dipped slightly, perhaps in response to higher prices at the pump.
After cresting above $123 per barrel shortly after Russia’s invasion of Ukraine, the price of crude oil has gradually fallen below $110.