What will US average weekly gasoline demand be in 2024 as compared to 2023, according to the Energy Information Administration (EIA)?
Closing Jan 01, 2025 08:01AM UTC
While gasoline demand has rebounded from the worst of the COVID-19 pandemic, the number of hybrid and electric vehicles continues to increase in the US, putting downward pressure on consumption (Wolf Street, Yahoo, CNBC). The question will be suspended on 31 December 2024 and the outcome determined using "Weekly U.S. Product Supplied of Finished Motor Gasoline" data as reported by the EIA once information for each week with an end date in calendar 2024 is released (EIA, EIA Glossary - Product Supplied). As of the launch of this question, the average of all weekly averages with end dates in calendar 2023 was 8,810.558 thousand barrels per day. For 2022, the average was 8,696.212, which made for a 1.31% increase in 2023 versus 2022.
Confused? Check our FAQ or ask us for help. To learn more about Good Judgment and Superforecasting, click here.
To learn more about how you can become a Superforecaster, see here. For other posts from our Insights blog, click here.
| Possible Answer | Crowd Forecast | Change in last 24 hours | Change in last week | Change in last month |
|---|---|---|---|---|
| Down by more than 2.0% | 4.00% | 0% | 0% | 0% |
| Down by more than 0.0% but at most 2.0% | 35.30% | -2.10% | -2.10% | -7.00% |
| Up by at least 0.0%, but less than 2.0% | 59.10% | +2.10% | +2.10% | +7.50% |
| Up by 2.0% or more | 1.60% | 0% | 0% | -0.50% |