Freight Waves: How summer driving season fuels demand for tanker shipping

Erik Broekhuizen, manager of marine research at Poten & Partners, said in a recent report that 2023 U.S. vehicle miles traveled (VMT) are on par with 2019 levels, yet the EIA expects June-August gasoline demand to average 9.1 million barrels per day (b/d), down from 9.7 million b/d in June-August 2018 and 2019.

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