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July 11, 2022

High U.S. gasoline prices weigh on demand as consumers start to feel the pinch, says analyst

By Rachel Ziemba

Surging gasoline prices in the U.S. are showing signs of impact on consumption, according to one risk analyst.

“We’re starting to see some signs of demand destruction, particularly for gasoline, but it’s really just off some of the highs of last year, when gasoline prices were much cheaper,” Rachel Ziemba, founder of Ziemba Insights, a research firm, tells CNBC.

Watch the full interview from CNBC here.

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