Demand For Gasoline Is Higher, But Miles Driven Are Fewer

NEW YORK (AP) -- The latest statistics from AAA show gasoline prices have increased by more than a dollar since January, but how that jump is affecting consumer habits is less clear.<br/><br/>While AAA

Sunday, May 20th 2007, 3:17 pm

By: News On 6


NEW YORK (AP) -- The latest statistics from AAA show gasoline prices have increased by more than a dollar since January, but how that jump is affecting consumer habits is less clear.

While AAA puts the current average price per gallon at $3.18, Energy Department figures show Americans' demand for gas has gone up. In the first three months of the year, the department says demand rose more than 2%.

However, other government data for the first quarter shows a contradictory trend. Transportation Department highway statistics suggest Americans drove fewer miles than last year, by nearly 1%.

Some analysts suggest that demand may be growing even more than the government estimates. But a spokesman for the Federal Highway Administration says if people are looking for a trend, they need to examine data over a longer period.
logo

Get The Daily Update!

Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!

More Like This

May 20th, 2007

September 29th, 2024

September 17th, 2024

July 4th, 2024

Top Headlines

December 13th, 2024

December 13th, 2024

December 13th, 2024

December 13th, 2024