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Lynz Piper-Loomis | Congress

Pain for drivers: 'Insatiable' gas demand for summer despite record prices

South Carolina

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From May 21, 2022 post.

Record gasoline prices are not keeping down summer travelers who are planning to hit the roads at a higher rate this year than last, according to a new survey.

Fuel industry data firm GasBuddy found that 58% of people intended to road-trip this summer. The share represents an increase from last summer, when per-gallon prices were around $1.50 lower than the record $4.593-per-gallon nationwide average Friday.

The share of participants who said high gas prices have factored into their plans is up 24% this year over last, GasBuddy noted, showing that consumer demand is being affected. 

Original source can be found here.

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