117 days ago • Posted by William Ramstein

Fuel demand is slowly recovering as vaccinations continue

The weekly EIA report demonstrated the quantity of gasoline supplied to the US market increased 300k barrels last week. Now 3.3% lower than their average at this time of year over 2017-19, this demonstrates that fuel demand is slowly recovering as the vaccinations continue. Will fuel demand surpass pre-virus levels? Although commuting demand might remain low, that could be offset by higher travel demand during the summer as people catch up on trips via air travel.

Source: MacroMarketsDaily