The average gallon of gas in the US hit a high of $4.59 Tuesday, about 51% higher than a year ago.
Demand on a four-week rolling basis was its lowest for this time of year since 2013, excluding 2020.
Costs and a demand slowdown could dash hopes for a driving season resembling pre-coronavirus times.
Pain at the pump has gotten so bad that demand for gasoline is dropping just as the summer driving season is about to begin.
Demand on a four-week rolling basis has hit its lowest level during this time of year since 2013, excluding the pandemic-outbreak period in 2020, according to data from the Energy Information Administration compiled by Bloomberg . Compared with year-ago levels, demand is down roughly 5%. Prices at gas stations across the US have hit record after record over the past two weeks, dashing some hopes for a driving season that approaches pre-COVID-19 levels, AAA previously predicted .
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