A sharp rebound in gasoline consumption that helped to drive oil prices higher appears to be running out of steam, a development that should be a cause for concern across the petroleum industry. In the U.S., by far the world’s biggest gasoline market, the nation’s best measure of demand has flattened out during what’s meant to be peak driving season when millions of Americans normally take to the roads for their summer vacations. Asia, which exited lockdowns and led a recovery in buying of the fuel, is now starting to stutter too. The situation still looks a little brighter in Europe, but the region’s refineries are firing up their gasoline-making units at a time when vital buying interest from across the Atlantic appears to be ebbing. What […]