{"id":1811,"date":"2025-07-22T16:20:00","date_gmt":"2025-07-22T12:20:00","guid":{"rendered":"https:\/\/omanet.om\/news\/business\/high-imports-weak-demand-hit-gas\/"},"modified":"2025-07-24T19:12:00","modified_gmt":"2025-07-24T15:12:00","slug":"high-imports-weak-demand-hit-gas","status":"publish","type":"post","link":"https:\/\/omanet.om\/en\/news\/economy\/high-imports-weak-demand-hit-gas\/","title":{"rendered":"Rising US Gasoline Imports and Sluggish Summer Demand: What This Means for Investors and Businesses in Oman"},"content":{"rendered":"<style>\r\n@keyframes hitv3sog-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitv3sog-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitv3sog-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes hitv3sog-glow{0%,100%{opacity:0.6}50%{opacity:1}}\r\n@keyframes hitv3sog-badge{from{opacity:0;transform:scale(0.8)}to{opacity:1;transform:scale(1)}}\r\n<\/style><style>\r\n.hitv3sogw{container-type:inline-size;width:100%;max-width:970px;margin:0 auto;box-sizing:border-box}\r\n.hitv3soga{display:flex;flex-direction:row;align-items:center;justify-content:space-between;width:100%;box-sizing:border-box;text-decoration:none;color:#fff;font-family:-apple-system,BlinkMacSystemFont,'Segoe UI',Roboto,system-ui,sans-serif;position:relative;overflow:hidden;cursor:pointer;background:linear-gradient(135deg,#111118 0%,#080808 100%);border:1.5px solid rgba(255,255,255,0.08);border-radius:14px;gap:20px;padding:20px 40px;transition:border-color .2s}\r\n.hitv3soga:hover{border-color:#dc262688}\r\n.hitv3sogg1{position:absolute;inset:0;background:radial-gradient(ellipse at 50% 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitv3sog-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OMAN OFFER<\/span><\/div>\r\n    <div class=\"hitv3sogh\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.15s;\">Websites For <span style=\"color:#dc2626;\">Omani Businesses.<\/span><\/div>\r\n    <div class=\"hitv3sogs\" style=\"animation:hitv3sog-slideup 0.7s ease both;animation-delay:0.3s;\">Empower your brand with custom digital solutions designed for high conversion and market dominance.<\/div>\r\n    <div class=\"hitv3sogbl\"><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Responsive designs built for growth<\/span><\/div><div class=\"hitv3sogbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Fast loading with smart automation<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitv3sogct\">\r\n    <button class=\"hitv3sogbtn\" style=\"animation:hitv3sog-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Build Your Free Website <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitv3sogbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div>\n<p><\/p>\n<p><strong>US Gas Prices Likely to Fall Below $3 a Gallon This Summer<\/strong><\/p>\n<p><strong>NEW YORK:<\/strong> Gasoline prices in the United States may drop below $3 per gallon for the first time in over four years this summer. This expected decline is attributed to a series of adverse weather events that have reduced fuel demand, along with a rise in imports that is replenishing inventories.<\/p>\n<p>Recent months have seen gasoline prices stabilize, providing relief to Americans traveling during the summer. This positive trend follows a period of record high prices after Russia&#8217;s invasion of Ukraine in 2022 disrupted global energy markets.<\/p>\n<p>According to the latest Consumer Price Index report, gasoline prices decreased by 8.3% over the 12-month period ending in June. Meanwhile, US crude prices fell more than 20% due to concerns over weak demand and ongoing trade tensions with China. The decrease in oil prices lowers production costs for refiners, making it easier for them to pass some of those savings on to consumers.<\/p>\n<p>Even though US President Donald Trump has pledged to decrease fuel prices, analysts contend that the influence presidents have on pump prices is limited.<\/p>\n<p>Fuel demand typically surges during the week ending July 4, yet this year it was down by 2.5% compared to the same week last year. Analysts attribute this decline to extreme heat in various regions, which may have discouraged travel.<\/p>\n<p>Following the Independence Day holiday, the national average price for gasoline dipped to $3.14 per gallon, marking the lowest level for summer months in four years, according to AAA data. The last time prices fell below $3 a gallon was in May 2021.<\/p>\n<p>Summer generally sees the highest gasoline consumption in the US. However, the US Energy Information Administration&#8217;s proxy for demand, known as gasoline product supplied, has averaged 9.2 million barrels per day over the past four weeks\u2014a decline of 1% from the same period last year.<\/p>\n<p>The increase in fuel-efficient vehicles on the road, combined with changes in driving habits due to the pandemic\u2014especially an increase in remote work\u2014are likely to permanently reduce US gasoline consumption from its peak of over 9.3 million barrels per day in 2018.<\/p>\n<p>&quot;As we approach August, gasoline prices are expected to weaken further,&quot; said Patrick De Haan, head of petroleum analysis at GasBuddy. He indicated that there is a strong possibility the national average could drop below $3 per gallon by September.<\/p>\n<p>This downward trend may persist, as OPEC&#8217;s decision to increase crude production by a larger-than-expected 548,000 barrels per day in August adds further pressure on oil prices.<\/p>\n<p>Additionally, a surge in gasoline imports into the US has led to increased storage demand. Weekly gasoline imports peaked in mid-June at 100,700 barrels per day, the highest rate in over a year, driven largely by shipments from Canada and Europe. Import levels in June were up approximately 7% compared to the same period last year.<\/p>\n<p>In the US, the need for gasoline storage tanks has risen since March, reaching a three-year high in June, according to storage broker data from The Tank Tiger.<\/p>\n<p>&quot;If refiners are producing more gasoline, you need a place to park it if it&#8217;s not being consumed,&quot; remarked Steven Barsamian, chief operating officer at The Tank Tiger. \u2014 Reuters<\/p>\n<p><style>\r\n@keyframes hitl8gak-fadein{from{opacity:0;transform:translateY(14px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-slideup{from{opacity:0;transform:translateY(20px)}to{opacity:1;transform:translateY(0)}}\r\n@keyframes hitl8gak-pulse{0%,100%{box-shadow:0 0 14px #dc262688}50%{box-shadow:0 0 32px #dc2626,0 0 60px #dc262655}}\r\n@keyframes hitl8gak-shimmer{0%,100%{opacity:0.3;transform:scaleX(0.4)}50%{opacity:1;transform:scaleX(1)}}\r\n@keyframes 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solid rgba(255,255,255,0.18);backdrop-filter:blur(8px);-webkit-backdrop-filter:blur(8px);border-radius:20px;padding:3px 10px 3px 7px;margin-bottom:clamp(5px,0.6vw,9px);animation:hitl8gak-badge 0.5s ease both;\"><span style=\"display:inline-block;width:6px;height:6px;border-radius:50%;background:#dc2626;flex-shrink:0;\"><\/span><span style=\"font-size:clamp(8px,0.9vw,10px);font-weight:700;letter-spacing:0.07em;color:rgba(255,255,255,0.88);text-transform:uppercase;white-space:nowrap;\">EXCLUSIVE OFFER<\/span><\/div>\r\n    <div class=\"hitl8gakh\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.15s;\">Your Website <span style=\"color:#dc2626;\">Should Sell.<\/span><\/div>\r\n    <div class=\"hitl8gaks\" style=\"animation:hitl8gak-slideup 0.7s ease both;animation-delay:0.3s;\">Custom-built websites with smart automation & AI-powered features.<\/div>\r\n    <div class=\"hitl8gakbl\"><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>SEO-optimized & lightning fast<\/span><\/div><div class=\"hitl8gakbi\"><span style=\"display:inline-block;width:5px;height:5px;border-radius:50%;background:#dc2626;flex-shrink:0;margin-right:7px;\"><\/span><span>Smart features built for your business<\/span><\/div><\/div>\r\n  <\/div>\r\n  \r\n  <div class=\"hitl8gakct\">\r\n    <button class=\"hitl8gakbtn\" style=\"animation:hitl8gak-pulse 2.5s ease-in-out infinite;animation-delay:1s;\">Get Free Consultation <span style=\"opacity:.9;\">\u2192<\/span><\/button>\r\n    <div class=\"hitl8gakbr\">hit.land<\/div>\r\n  <\/div>\r\n<\/a>\r\n<\/div><br \/>\n<\/p>\n<p><strong>Special Analysis by Omanet | Navigate Oman&#8217;s Market<\/strong><\/p>\n<p>The projected <strong>decline in gasoline prices<\/strong> in the US signals a potential shift in global energy markets, which could influence Oman\u2019s oil-dependent economy. <strong>Businesses may benefit<\/strong> from reduced operational costs, but they must remain cautious of fluctuating demand, especially as <strong>post-pandemic driving trends<\/strong> evolve. <strong>Smart investors and entrepreneurs<\/strong> should consider diversifying into renewable energy and alternative fuels to mitigate risks associated with a changing oil landscape.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gasoline prices in the US could dip below $3 a gallon this summer for the first time in over four years due to bad weather affecting demand and increased imports. The national average fell to $3.14 post-Independence Day, with further declines expected as inventory surges.<\/p>\n","protected":false},"author":2,"featured_media":1812,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[482],"tags":[458,457,459],"class_list":["post-1811","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-fuel-demand","tag-gasoline-prices","tag-us-energy"],"jetpack_featured_media_url":"https:\/\/omanet.om\/wp-content\/uploads\/2025\/07\/3078280.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/1811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/comments?post=1811"}],"version-history":[{"count":1,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/1811\/revisions"}],"predecessor-version":[{"id":1813,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/posts\/1811\/revisions\/1813"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media\/1812"}],"wp:attachment":[{"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/media?parent=1811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/categories?post=1811"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/omanet.om\/en\/wp-json\/wp\/v2\/tags?post=1811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}