Demand For Fuel Seems To Be Falling

Hello, tipping point? Drivers’ demand for gasoline appears to have downshifted since Hurricane Katrina sent pump prices soaring above $3 a gallon across much of the nation.

Katrina initially sparked panic buying, sporadic shortages and televised images of long lines at some service stations. Then consumers pulled back as prices hit record highs, analysts said Thursday.
Los Angeles Times