A recovery in demand for gasoline in the United States, the world’s largest market for the motor fuel, hit a plateau last week as coronavirus cases surged in some states, undercutting refiners’ efforts to ramp up low fuel production. Gasoline consumption inched lower last week after three straight weeks of rises, according to Energy Information Administration data on Wednesday. Product supplied of gasoline – a proxy for demand – eased 30,000 barrels per day to 7.9 million bpd amid a spike in new infections in six states. The dip in demand follows five consecutive weeks of increases in refining rates. Refiners last week ran at 73.8% of capacity, the highest since early April, EIA said. “Refiners might have declared victory a little early and it’s going to be problematic,” said John Kilduff, a partner at Again Capital Management in New York. GRAPHIC: Gasoline demand eases, […]