Fear Of Recession May Cause The Demand For Gas To Decline

AAA says the demand for gas is on the decline due to recession fears.

AAA says the demand for gas is on the decline due to recession fears.

The demand decreased nationally from $9.47 million barrels per day to $8.28 million. Lower prices for fuel in the middle of a supply increase and fluctuating oil prices, has contributed to the national average lowering.

If demand continues to decrease, prices at the pump can be expected to drop. The national average price per gallon has decreased by 3 cents over the past week totaling $3.88 which is 20 cents higher than a month ago and 56 cents higher than a year ago.