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Summer’s gasoline recovery could fizzle on rising infection cases Source: By Stephanie Kelly in New York, Bozorgmehr Sharafedin in London and Jessica Jaganathan in Singapore, Reuters • Posted: Wednesday, July 28, 2021
NEW YORK, July 28 (Reuters) – The summer rebound in global fuel demand could be turning into a slowdown, as analysts expect gasoline consumption to taper off due to resurgent coronavirus cases and structural changes in commuting patterns.
Gasoline demand in the United States, the world’s top oil consumer, has nearly recovered to 2019 levels following the plunge in travel and business activity during the worst of the pandemic in 2020.