High Gas Prices Hit Demand as Drivers Cut Back at the Pump

"American drivers are starting to buy less gasoline as they feel the economic burden of record prices that continue to hover near $5 a gallon.

In the first full week of June, gasoline sales at U.S. stations were down about 8.2% compared with the same week last year—the 14th consecutive week that sales have lagged behind 2021 levels, according to surveys by energy-data provider OPIS." (WSJ, June 2022).

FYI

1. The title should read, "Quantity Demanded", not "Demand".
2. I think that "gasoline sales" refers to gallons sold, not sales revenue.