Japan’s estimated gasoline demand in May fell to the lowest monthly level in 37 years as consumers refrained from traveling at the beginning of the month, a period when driving activity typically peaks due to public holidays. Local refiners and traders remained cautious on the gasoline demand recovery prospect in June as people may not actively go out amid concerns over the coronavirus infection despite the recent lifting of the state of emergency. “We expect the coronavirus pandemic to have an impact [on the gasoline demand] for around a year and the demand is likely to continue making large drops from a year ago,” a trader said Thursday. “With the summer demand season approaching, we […]