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US average on-highway diesel fuel price in week ended Dec. 27 falls to US$3.615/gallon from US$3.626/gallon last week; average regular gasoline price falls to US$3.275/gallon from US$3.295/gallon

Wood Mackenzie projects robust growth in oil demand for 2022 as global consumption continues recovery to pre-pandemic levels; in global oil supply, increase of over 4 million barrels/day is forecast for 2022, similar to projected increase in demand

US national gas price average fell two cents to US$3.28 in week ended Dec. 27; if damage to an Exxon Mobil Corp refinery in Bayton, Texas forces the plant offline for long, the disruption could negatively affect gasoline prices: AAA

US commercial crude oil inventories in week ended Dec. 17 decreased by 4.7 million barrels from the previous week to 423.6 million barrels; inventories are about 8% below the five year average for this time of year: EIA

US average on-highway diesel fuel price in week ended Dec. 20 falls to US$3.626/gallon from US$3.649/gallon last week; average regular gasoline price falls to US$3.295/gallon from US$3.315/gallon

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