EIA Raises US Gasoline Demand Outlook

EIA RAISES US GASOLINE DEMAND OUTLOOK EPA SPCC & FRP Short Course Mark Howard, USEPA OEM-RPDD & Troy Swackhammer, USEPA OEM-RPDD

The US Energy Information Administration (EIA) has raised its outlook for US gasoline demand by 100,000 b/d to 8.7 million b/d for 2021.

An improved economic forecast and increase in travel has led to the revised figures from the EIA.

A cyber-attack on the Colonial Pipeline has led to potential fuel shortages as operations have been halted for several days. The pipeline is a primary artery for gasoline and refined products for much of the South and East Coast, delivering more than 100 million gal/d of fuels.

EIA said it was closely monitoring the outage, which happened after it completed modelling and analysis for the May Short-Term Energy Outlook.

EIA expects US gasoline consumption to average nearly 9 million b/d during the summer driving season (AprilSeptember), which is 1.2 million b/d above last summer but still 600,000 b/d below summer 2019 levels.

US gasoline demand is expected to average 8.92 million b/d in 2022, EIA said.

For more information visit www.eia.gov