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Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent

Valero Says Gasoline Sales Near Pre-Pandemic Levels, Natural Gas-to-Oil Switching Imminent
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Pent-Up U S Travel Demand Poised to Trigger 30% Surge in Jet-Fuel Use

(Bloomberg) It’s the postponed weddings and family reunions. It’s meeting newborn grandchildren and attending memorial services for loved ones lost to the pandemic. It’s the rebooked trips to Maui and adventures in new cities.All that travel demand has been piling up for more than a year, and now it’s about to burst out into one hot summer for U.S. domestic flights and the jet fuel producers hammered by 2020’s lockdowns.Jet fuel use is expected to jump 30% this summer from where it was in the first quarter, the government projects. The extra demand comes as airlines revamp routes to offer more nonstop flights and boost capacity to reach more leisure destinations like beaches in Florida and national parks in the West. Executives from Hawaiian Airlines, Boeing Co. and U.S. oil refiner Valero Energy Corp. are all looking at the explosion of pent-up demand as an “inflection point.” United Airlines is adding hundreds of flights, and in Ju

Jet Fuel Use Set to Surge 30% in USA

by Bloomberg |Wednesday, May 05, 2021 Pent-up travel demand is about to burst out into one hot summer for USA domestic flights and jet fuel producers. (Bloomberg) It’s the postponed weddings and family reunions. It’s meeting newborn grandchildren and attending memorial services for loved ones lost to the pandemic. It’s the rebooked trips to Maui and adventures in new cities. All that travel demand has been piling up for more than a year, and now it’s about to burst out into one hot summer for U.S. domestic flights and the jet fuel producers hammered by 2020’s lockdowns.

Oil Prices Close Higher on Positive Demand Signs

Oil Prices Close Higher on Positive Demand Signs
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