• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 23 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days Does Toyota Know Something That We Don’t?
  • 5 days World could get rid of Putin and Russia but nobody is bold enough
  • 1 day America should go after China but it should be done in a wise way.
  • 7 days China is using Chinese Names of Cities on their Border with Russia.
  • 8 days Russian Officials Voice Concerns About Chinese-Funded Rail Line
  • 8 days OPINION: Putin’s Genocidal Myth A scholarly treatise on the thousands of years of Ukrainian history. RCW
  • 8 days CHINA Economy IMPLODING - Fastest Price Fall in 14 Years & Stock Market Crashes to 5 Year Low
  • 7 days CHINA Economy Disaster - Employee Shortages, Retirement Age, Birth Rate & Ageing Population
  • 8 days Putin and Xi Bet on the Global South
  • 8 days "(Another) Putin Critic 'Falls' Out Of Window, Dies"
  • 9 days United States LNG Exports Reach Third Place
  • 9 days Biden's $2 trillion Plan for Insfrastructure and Jobs
Tsvetana Paraskova

Tsvetana Paraskova

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. 

More Info

Premium Content

Global Gasoline Demand Could Flatten As Delta Variant Spreads

Resurging COVID infections in many major oil-consuming markets, including the United States, Europe, and Southeast Asia, could stagnate the recovery in road fuel consumption globally in the coming weeks, analysts tell Reuters.

Estimates from the United States point to record gasoline consumption for 2021 this past week, but analysts fear that the rising number of Delta variant infections could put the brakes on the demand rebound well before the summer travel season ends.

According to GasBuddy data, weekly U.S. gasoline demand in the week to July 18 set a new 2021 record. American gasoline demand jumped by 2.3 percent from the prior week and was up by 3.1 percent compared to the four-week average. U.S. weekly demand to July 18 was 0.6 percent higher than the week ahead of July 4, the week of June 27, according to Patrick De Haan, head of petroleum analysis for GasBuddy.

U.S. gasoline demand on July 26 was the second-highest gasoline demand Monday of 2021, rising 1.4 percent from the prior Monday and at 1.3 percent above the average of the last four Mondays. It was 3.5 percent below July 5, the Monday many Americans returned from the July 4 weekend, De Haan noted.

While U.S. gasoline demand holds for now, signs are emerging it is flattening, as is demand in Europe.

In Southeast Asia, cases are surging in Indonesia, the biggest importer of gasoline in Asia, as well as in Malaysia and Thailand. Indonesia has extended its restrictions on mobility to early August.  

“We’re still very much actively dealing with new cases here in the U.S. and also abroad, and that is putting greater pull on demand and what was originally anticipated for this recovery process in the middle of the summer for this year,” Devin Gladden, manager of federal affairs at American Automobile Association, told Reuters.

By Tsvetana Paraskova for Oilprice.com

ADVERTISEMENT

More Top Reads From Oilprice.com:


Download The Free Oilprice App Today

Back to homepage





Leave a comment

Leave a comment




EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News