March saw major declines in U.S. demand for petroleum products

EIA | As stay-at-home orders and mitigation efforts for the 2019 novel coronavirus disease (COVID-19) took effect and limited travel starting in the second half of March 2020, gasoline and jet fuel demand (as measured by product supplied) fell by near-record amounts, according to data in the U.S. Energy Information Administration’s Petroleum Supply Monthly.

From February to March, gasoline demand fell by 1.2 million barrels per day (b/d) (13%) to 7.8 million b/d, the lowest level since January 2000 and the second-largest monthly decline on record. During the same period, jet fuel demand fell by 242,000 b/d (15%), the largest single monthly change in U.S. jet fuel demand in EIA’s data, which dates back to 1965.

To read the full article, click here.

  • LinkedIn
  • Twitter

© 2020 Energen. This website represents a proof of concept of the future platform