Insight
US gasoline demand is still holding up...
Report summary
The global outbreak of COVID-19 is increasingly affecting the US. As the world’s largest oil consumer, a key question for the oil market is how US liquids demand will be affected by the COVID-19 crisis. In the Macro Oils short-term outlook March 2020, we estimate US demand falls by 250,000 b/d in Q1 2020 year-on-year and rises slightly in Q2 2020. With containment measures rising in the US, will we need to adjust our view downward? We are engaged in a review of US liquids demand and have turned to our new sister company, Genscape, to examining near term data for US gasoline demand. Using Genscape Supply Side data, we looked at daily rack activity (or delivery from secondary terminals to retail stations) across the US. Some effect was shown in Padd 5 US west coast where the effect from containment was earliest. Interestingly, no significant downturn is yet observed in the other large markets of the US.
Table of contents
- The impact of Covid-19 on US gasoline demand – an early indication emerges in PADD 5
- Overall US gasoline demand is strong, but PADD 5 shows a sign of weakness
- Precautions started in PADD 5, expanding in other regions
Tables and charts
This report includes 1 images and tables including:
- U.S. gasoline rack activity, month-on-month change
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
Global gas & LNG weekly summary: 25 April 2024
EGAS makes progress in securing cargoe for summer while second-tier buyers pick up activity in the current price market
$4,000
Asset Report
NiWest - Cobalt project
A detailed analysis of the NiWest Laterite nickel project.
$2,250
Insight
China economic focus April 2024: what does a strong Q1 mean?
The green economy has become China’s biggest growth driver
$950
