Entries by Jackie Forrest

SnapChart – US Gasoline Demand is On the Road to Recovery

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This week’s SnapChart shows the precipitous fall of US gasoline demand as a result of the Coronavirus lockdowns. In just a few weeks gasoline consumption was cut in half, from 9.5 to 5 MMB/d.  But starting in May, the unprecedented situation has started to turn around. Traffic is returning to American freeways and gasoline consumption has already rebounded 30 percent off the bottom.  With more States relaxing their stay-at-home orders this month, American’s should be itching to hit the road.  Commuting traffic is starting to inch back. The Memorial long […]

If the US Slapped Tariffs on Oil Imports, Consumers and Refiners Would Feel the Sting

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Around the world, people are staying home to avoid spreading the COVID-19 virus. The unprecedented human lockdown has collapsed oil demand and is causing financial distress for oil producers.  The situation is particularly severe in North America, where jobs are being lost and companies are going bust. It may still get worse. As a solution, […]

If the US Slapped Tariffs on Oil Imports, Consumers and Refiners Would Feel the Sting

/in ,

Around the world, people are staying home to avoid spreading the COVID-19 virus. The unprecedented human lockdown has collapsed oil demand and is causing financial distress for oil producers.  The situation is particularly severe in North America, where jobs are being lost and companies are going bust. It may still get worse. As a solution, […]