

(Bloomberg) -- Gasoline demand destruction is happening in parts of the US that are seeing the highest prices at the pump.
“In terms of demand destruction...we’re starting to see some erosion in volume in the low single-digits,” said Darren Rebelez, chief executive officer of fuel distributor Casey’s General Stores Inc. in a conference call on Wednesday.
Casey’s, which operates mainly in the Midwest, sees a wide gap between the Chicago area, where prices are approaching $6 a gallon and the other end of the spectrum where gasoline costs nearly $2 a gallon less, Rebelez says.
In the areas where prices are still in the $4-range, demand is still growing, said Paul Sankey, founder of Sankey Research in an interview on Bloomberg TV. “Demand strength has been a huge feature of why prices are so high,” he said.
Earlier this week, the US Energy (NASDAQ:USEG) Information Administration lowered its forecast for gasoline consumption in the second and third quarters of this year, in part because of high prices. Still, demand rose to highest it’s been so far this year last week, the agency said.
Six-dollar gasoline, however, is “uncharted waters,” Rebelez said.
Regular gasoline rose to $6.048 a gallon overnight in Chicago, a record high, according to autoclub AAA. The national average is pennies away from $5.
©2022 Bloomberg L.P.
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-0.25 (-0.23%)
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US Small Cap 2000
1,765.74
+54.06 (+3.16%)
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IBEX 35
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+137.70 (+1.70%)
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BASF SE NA O.N.
42.215
+0.785 (+1.89%)
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Sell (1)
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Buy (7)
Sell (1)
Bayer AG NA
57.79
-0.75 (-1.28%)
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Buy (2)
Sell (7)
Allianz SE VNA O.N.
181.20
+2.20 (+1.23%)
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Sell (10)
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Buy (2)
Sell (4)
Adidas AG
170.36
+3.30 (+1.98%)
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Buy (1)
Sell (11)
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Buy (3)
Sell (5)
Deutsche Lufthansa AG
5.966
-0.310 (-4.94%)
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Sell (8)
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Buy (3)
Sell (6)
Siemens AG Class N
102.62
+3.36 (+3.39%)
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Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
Deutsche Bank AG
8.919
+0.407 (+4.78%)
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Buy (12)
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Buy (8)
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EUR/USD | 1.0562 | Neutral | |||
GBP/USD | 1.2280 | ↑ Sell | |||
USD/JPY | 134.70 | Buy | |||
AUD/USD | 0.6917 | Neutral | |||
USD/CAD | 1.2894 | Neutral | |||
EUR/JPY | 142.26 | ↑ Buy | |||
EUR/CHF | 1.0110 | ↑ Sell |
Gold | 1,838.25 | ↑ Buy | |||
Silver | 21.405 | ↑ Buy | |||
Copper | 3.8018 | ↑ Buy | |||
Crude Oil WTI | 107.19 | Neutral | |||
Brent Oil | 108.85 | Neutral | |||
Natural Gas | 6.220 | Buy | |||
US Coffee C | 223.40 | ↑ Buy |
Euro Stoxx 50 | 3,533.17 | Neutral | |||
S&P 500 | 3,911.74 | ↑ Buy | |||
DAX | 13,118.13 | ↑ Sell | |||
FTSE 100 | 7,208.81 | ↑ Buy | |||
Hang Seng | 22,120.50 | ↑ Buy | |||
Small Cap 2000 | 1,765.74 | ↑ Buy | |||
IBEX 35 | 8,244.10 | Sell |
BASF | 42.215 | ↑ Buy | |||
Bayer | 57.79 | ↑ Sell | |||
Allianz | 181.20 | ↑ Sell | |||
Adidas | 170.36 | ↑ Sell | |||
Lufthansa | 5.966 | ↑ Sell | |||
Siemens AG | 102.62 | ↑ Buy | |||
Deutsche Bank AG | 8.919 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 6,775![]() ![]() (15 ![]() ![]() |
SJC HCM | 6,795![]() (10 ![]() |
SJC Hanoi | 6,795![]() (10 ![]() |
SJC Danang | 6,795![]() (10 ![]() |
SJC Nhatrang | 6,795![]() (10 ![]() |
SJC Cantho | 6,795![]() (10 ![]() |
Cập nhật 27-06-2022 08:41:26 | |
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ↀ Giá vàng thế giới | ||
---|---|---|
$1,835.81 | +8.53 | 0.47% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 33.470 | 34.130 |
RON 95-III | 32.870 | 33.520 |
E5 RON 92-II | 31.300 | 31.920 |
DO 0.05S | 30.010 | 30.610 |
DO 0,001S-V | 30.810 | 31.420 |
Dầu hỏa 2-K | 28.780 | 29.350 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $106.16 | -0.73 | -0.69% |
Brent | $108.91 | -0.86 | -0.79% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 23.080,00 | 23.390,00 |
EUR | 23.932,61 | 25.273,13 |
GBP | 27.815,29 | 29.001,83 |
JPY | 167,64 | 177,48 |
KRW | 15,57 | 18,97 |
Cập nhật lúc 08:39:21 27/06/2022 Xem bảng tỷ giá hối đoái |