On the road again: Where will US gasoline demand go this summer?
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?