According to the latest data from GasBuddy, demand in the US is just about at normal March levels.
US gasoline demand is approaching normal levels as Americans take to the road again amid the economic recovery and the Covid-19 vaccine rollout, according to data from GasBuddy.
Demand on Thursday, March 18, was 17.5% higher than the average of the four prior Thursdays.
“It’s been an impressive rebound in the last few weeks of demand and I continue to be surprised every day,” noted Patrick De Haan, head of petroleum analysis.
While spring break may be a factor in the current surge, DeHaan said that apart from one Sunday, every day since February 20 has seen positive percentage growth in demand.
“It’s still March, meaning as the economy recovers and we get closer to summer, all signs are for higher demand than I think almost anyone anticipated just a few months ago,” he added.
