Tsvetana Paraskova, Oilprice.com, sees oil demand recovering, here…
“Travel statistics show that U.S. consumers are driving and flying this month at the highest rate since the pandemic forced the United States into stay-at-home orders and lockdowns in March last year. Chinese demand for road fuels is back to pre-COVID levels, with airline travel also rebounding from last year’s lows….
Weekly U.S. gasoline demand in the week to March 20 reached pre-COVID level seasonally, Patrick De Haan, head of petroleum analysis for GasBuddy, tweeted on Sunday. According to GasBuddy data, U.S. gasoline demand on Saturday rose by 9.5 percent compared to the previous Saturday, closing the week with a 5.9-percent rise, and officially the first week of demand that exceeds the pre-COVID week of March 8, 2020 by 0.18 percent, De Haan said.
Routing requests in the United States have surged by 53 percent since January 20, 2020, with the increase occurring this year, according to Apple’s Mobility Trends Reports measuring searches for directions.
In addition, figures from the U.S. Transportation Security Administration show that more than 1 million travelers passed through checkpoints at U.S. airports for 10 consecutive days through March 20. While the numbers are still around half the traveler throughput compared to the same days in 2019, they were more than double the traveler throughput from March 20, 2020, when flights began being grounded and people stopped flying.“
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