American oil demand will rise to near-record levels in 2024 despite a significant drop in gasoline use, according to the EIA.
EIA estimates that by 2024, American gasoline demand will drop to 8.73 million barrels per day, or about 600,000 barrels a day lower than it was in 2018…But the fall would be more than offset by rising consumption of the feedstock used in the petrochemical industry
