Refiners squeezed between gasoline and jet
Rebounding gasoline demand is outpacing that of the rest of the barrel—particularly jet—and causing headaches for refiners
The return to normality in the US has led to a spike in sales for fuels such as gasoline and diesel. But the US is an outlier, and this uneven pattern is distorting the global oil products demand recovery trend. US gasoline demand is recovering faster and touching earlier-than-normal peaks this summer, over and above the traditional seasonal uptick in sales. Fear of contracting Covid-19 makes families choose personal travel options wherever possible, both for work and leisure. US gasoline prices have reached levels unseen in over five years. And the market could strengthen further with the onset of the hurricane season, which can lead to supply disruptions. Further gains in pump prices of g

Also in this section
22 July 2025
Next year’s WPC Energy Congress taking place in April in Riyadh, Saudi Arabia will continue to promote the role of women in the energy sector, with a number of events focusing on the issue.
22 July 2025
Pedro Miras is the serving President of WPC Energy for the current cycle which will culminate with the 25th WPC Energy Congress in Riyadh, Saudi Arabia in April 2026. He has over 30 years of experience in the energy sector, including stints with Repsol and the IEA. Here he talks to Petroleum Economist about the challenges and opportunities the global energy sector currently faces.
17 July 2025
US downstream sector in key state feels the pain of high costs, an environmental squeeze and the effects of broader market trends
16 July 2025
Crude quality issues are an often understated risk to energy security, highlighted by problems at a key US refinery