Global oil demand is falling, but US drivers keep buying more gas
Global oil demand is projected to decline in 2026 due to supply disruptions in the Persian Gulf and rising prices, according to the International Energy Agency. However, the United States remains an outlier, with domestic gasoline consumption increasing despite higher pump prices.
Why it matters
The divergence between U.S. consumption and global trends highlights the unique economic and geopolitical factors influencing energy markets during international conflicts.
By CATHY BUSSEWITZ Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] --> Add AP News on Google Add AP News as your preferred source to see more of our stories on Google. --> Share
The article relies on data from the International Energy Agency and provides a balanced report on global trends versus specific U.S. behavior.
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