Gasoline demand to rise as US drivers shift from cars to larger vehicles

April 26, 2016

The drop in fuel economy is good news for refiners, as drivers will have to burn more gasoline to travel the same distance. Gasoline demand this summer could be the highest since 2007. American drivers are turning their backs on better mileage. Retail gasoline is below $2/gal for the first time since 2009, and it’s steering drivers toward pickups and SUVs, which are outselling cars by the largest margin since 2005.