A swift recovery in fuel consumption by U.S. drivers is petering out, posing new challenges to the oil market, economy and global energy industry.
After demand for gasoline surged from mid-April to late June, consumption has stayed relatively flat in the past two months and remains well below its prepandemic levels, government data show. The fizzling rebound highlights the lingering effects of coronavirus precautions and travel restrictions. Even as some states advance business reopening plans, rising cases in other parts...
I guess Ohio better raise their $200 fee on electric cars since fuel tax revenues will be down.
You Think?
Fewer cars on the road is a big win for everybody except those rich enough to buy oil stock.
Stock market booming due to the the fed investing 4.7 trillion.
Good god. Wouldn’t a better headline be, “Summer fuel demand remains low, reducing emissions”? Climate change is a real thing, WSJ.
AmrithRamkumar they never heard of work from home?
AmrithRamkumar Good, who wants to be stuck in traffic? Quicker for those who must work in person too!
AmrithRamkumar Please retweet and follow us. We need 1,000 more followers to help us REMOVE the most corrupt president in US history. Poor Donald....he just wants his ratings.