Recent data shows that seasonal fuel demand in the United States has reached pandemic lows, putting pressure on refining margins across the country. The decrease in demand for fuel can be attributed to various factors, including the ongoing impact of the COVID-19 pandemic on travel and economic activities.
With fewer people traveling and commuting due to restrictions and safety concerns, the demand for gasoline and other fuel products has significantly declined. This trend has had a direct impact on refining margins, as refineries are producing less fuel to meet the reduced demand.
