U.S. demand for gasoline hit record levels last year, averaging 9.326 million barrels per day, surpassing 2007 levels, according to new monthly figures released Tuesday by the U.S. Energy Information Administration. The surge in gasoline demand in 2016 came amid low pump prices and lower unemployment, but there have been early signs this year that consumer thirst for gasoline is weakening. Motorists drove a record 3.22 trillion miles (5.2 trillion km) on U.S. roads last year, a 2.8 percent rise from 2015 and the fifth consecutive year of year-over-year increases, federal figures show. U.S. gasoline demand was up 1.8 percent to 9.3 million bpd in December versus last year. The U.S. accounts for roughly 10 percent of the global demand for gasoline. Total oil demand in December […]

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