Insight
On the road again: Where will US gasoline demand go this summer?
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
US gasoline demand is poised to break above the 9 million b/d mark for the first time since the onset of the Covid-19 pandemic. The vaccination programme nationwide has positioned the US to reach a critical mass of vaccination by the end of the summer. That will encourage Americans to get back on the road again as states relax stringency measures. We explore the following topics in this insight: • When do we expect demand to return to pre-pandemic levels? • What's the upside and downside risk for demand in 2021? • How could gasoline prices affect the demand trajectory? • Can US refining meet the challenge of summer gasoline demand?
Table of contents
- US gasoline is already on a strong rebound
- When does Wood Mackenzie expect US gasoline demand to return to pre-pandemic levels?
- What’s the upside and downside risk for US gasoline demand this year?
- How could gasoline prices affect US gasoline demand’s trajectory?
Tables and charts
This report includes the following images and tables:
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Graph 1: US Covid-19 Daily Vaccination Rates and New CasesGraph 2: US passenger car VMT on interstate highways, weekly vs 2019Graph 3: US Gasoline Demand, 2019-2021
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Graph 4: Wood Mackenzie US Gasoline Demand Scenarios, 2021Graph 5: US refinery production of unfinished gasoline, 2019-2021Graph 6: US gasoline refiner and blender supply, monthlyGraph 7: US gasoline stocks (days of supply), monthlyGraph 8: New York Harbor FOB gasoline prices
What's included
This report contains:
