U.S. economic recovery and vaccinations drive local fuel demand. According to GasBuddy figures, U.S. gasoline demand has returned to near normal March levels, with Thursday’s (18) demand 1.8% more than the last Thursday before the blockade took effect last year and 17.5% higher than the average of the previous four Thursdays.
Patrick De Haan, head of oil analysis at GasBuddy, said the rebound in oil demand over the past few weeks has been considerable, with surprises almost every day. He also mentioned that it is only March, meaning that as the economy recovers and gets closer to summer, it is believed that oil demand will be higher than almost all the numbers expected months ago.
However, the rebound in demand for gasoline also stimulates prices to rise. American Automobile Association (AAA) figures show that Friday (19) the national retail price of gasoline at $2.886 per gallon, up 69 U.S. cents or 31.4% year on year.
AAA spokesman said that Americans are now 14% more than the cost of gasoline in February, due to the tight supply of gasoline, I believe that the next few weeks will be more and more expensive gas prices.
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