LONDON—Drivers around the world are tolerating record-high prices for road fuels, as mobility wins out for now over other spending in squeezed household budgets, data showed.
The high prices have not yet breached the pain threshold for drivers in major demand centers. But that might change once U.S. drivers have to pay more than $6 a gallon and crude oil prices exceed $140 a barrel which could happen by year-end, analysts say.
Consumers have been changing their driving habits, with some, for example, opting not to fill their tanks to capacity, but this is yet to dent overall demand for fuel, data shows….