The coronavirus pandemic hit the transportation fuels industry hard with a large downturn in demand for motor gasoline and jet fuel

Coronavirus Pandemic Results in Low Summer Transportation Fuel Demand

By Institute for Energy Research —— Bio and Archives--September 12, 2020

Global Warming-Energy-Environment | Comments | Back To Full Article

Coronavirus fears, closed office buildings, remote school instruction, travel restrictions, and closed destinations all combined to keep transportation fuel demand low this summer. In particular, demand for motor gasoline and jet fuel fell to their lowest level in years. According to the Energy Information Administration, motor gasoline supplied by energy companies, a proxy for demand, remained at about 8.6 million barrels a day for two months through mid-August then increased to 9.2 million barrels a day during the week ended August 21. While that is an increase from a low in April of around 5 million barrels a day, it is well below the 9.7 million barrels a day from mid-March before lockdowns took place in much of the country. It also is below last summer's driving-season peak of almost 10 million barrels a day.

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