The improved economy has added job creation, which means more workers commuting to jobs.
Moreover, the mild winter weather forecast suggests that drivers may continue to enjoy the roads and stay out more going into the holiday season.
“The weather forecasts show little snow or ice in major markets in the Northeast and Mid-Atlantic so there will be very strong demand for gasoline going into the holidays,” Stephen Schork, president of the Schork Group Inc., told Bloomberg.
United States Gasoline Fund
For more information on the energy market, visit our energy category.
Max Chen contributed to this article.