U.S. Gasoline Demand Soars to Record on July 4 Travel Surge
- Consumption rise comes with OPEC+ at odds over boosting supply
- Fuel demand surging with pump prices at highest since 2014
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Gasoline demand surged to a a record high as Americans took to the road for the July 4th holiday weekend.
Gasoline supplied, a proxy for demand, rose to 10 million barrels a day the week ended July 2, the highest in data going back to 1990, according to the Energy Information Administration.