Energy

Gasoline demand rebounds to nearly normal March levels, according to latest GasBuddy data

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A customer fuels a vehicle at a gas station in Peoria, Illinois.

Daniel Acker | Bloomberg | Getty Images

U.S. gasoline demand is approaching normal levels as Americans once again hit the road amid the economic recovery and the Covid-19 vaccine rollout.

Demand is just about at normal March levels and continues to tick higher, according to the latest data from GasBuddy. Thursday’s demand 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 at GasBuddy.

He said that apart from one Sunday, every day since Feb. 20 has seen…



Source cnbc.com

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