Despite high gasoline prices, Americans still embark on road trips for Independence Day

华尔街见闻2026/07/03 16:26

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The American Automobile Association (AAA) expects a record 72.2 million people to travel at least 50 miles. Gasoline price tracking platform GasBuddy predicted last week that the national average gasoline price on July 4th would be about $3.75 per gallon, second only to the all-time high of $4.80 per gallon set on July 4th, 2022. According to GasBuddy data, the national average gasoline price on Friday was $3.772 per gallon, up 62.7 cents compared to the same period last year.

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According to the EIA, for the week ending September 11, U.S. commercial crude oil inventories decreased by 640,000 barrels, which was less than the market expectation of 1.4 million barrels. Strategic Petroleum Reserve inventories fell by 403,000 barrels. Gasoline inventories increased by 794,000 barrels, while the market had expected a decrease of 800,000 barrels. Distillate fuel inventories rose by 1.6 million barrels, with the market expecting no change. Imports of Venezuelan crude oil reached nearly 800,000 barrels, the highest level since 2017.

华尔街见闻•2026/09/16 18:06