Barclays Bank expects that demand for gasoline in the United States and the world will return to its normal level largely by the end of 2021.
According to the report, Barclays also expects that demand for gasoline in the United States will decline 5% on average year-on-year in the last quarter of the year versus a 25% decline In the second quarter and 11% in the third quarter.
The demand for gasoline increased by 1.6% in late July, as demand increased strongly towards the end of the month.
US fuel market analyst Patrick DeHaan told Bloomberg, in early August, that demand for gasoline continues to rise, but it is still moving within a limited space, as it continues The repercussions of the emerging corona virus pandemic and the restrictions imposed to limit the spread of the virus in many American regions.
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