Gasoline sales volumes in early January seen as declining in the US: Opis Survey

Gasoline sales were seen as decreasing in the first week of January on average 0.2%, according to information from OPIS published in mid January which was the result of a survey.

The decline in gasoline volumes immediately followed another sharp drop seen the week before.

Traditionally, January is a poor month when it comes to gasoline demand.

Just over 56% of the stations in the survey said volumes were down, Opis said.

Compared to a month ago, gasoline volumes were off by just under 10%, with 81% of the participants in the survey saying that gasoline sales were down, Opis said. Almost 60% of the stations in the survey reported a decline in gasoline sales of 10% or more.