US Drivers Burning More Gas
After a year of getting pummeled by the coronavirus, U.S. oil demand is bouncing back - and this time it looks like it's here to stay. (Bloomberg) -- After a year of getting pummeled by the coronavirus, U.S. oil demand is bouncing back -- and this time it looks like it’s here to stay. Retail gasoline sales rose last week to just 1% below year-ago levels, just before regional lockdowns brought fuel consumption to a crawl, Patrick DeHaan, head of petroleum analysis at GasBuddy said on Twitter. Gasoline’s recovery comes on top of a diesel rebound that started last fall as consumers began t...