U.S. Fuel Demand Levels Mixed Pre-Liberation Day

April 4, 2024--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--The demand for fuels in the U.S. economy moved lower as consumers fret over sweeping tariffs and the fate of the economy, though data are fluid as jet fuel demand showed a 4.2% increase from year-ago levels.

Consumer confidence in the U.S. economy is faltering. Tariffs, which are a tax on imports, are creating inflationary fears and The Conference Board last week reported that its consumer confidence index fell to its lowest point since January 2021.