Fortune July 11, 2026 • 14:35

Oil demand is falling, and crude prices are down. But here's why gasoline, diesel are still costly - Fortune

By Cathy Bussewitz, The Associated Press

Oil demand is falling, and crude prices are down. But here's why gasoline, diesel are still costly - Fortune

The main exception to the global slump in oil usage was in the U.S., where gasoline use increased in the second quarter of 2026.

Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency.The drop, which the agen… [+4453 chars]

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