US gasoline consumption recovered last week to where it stood just before the pandemic forced everyone inside. (Bloomberg) — U.S. gasoline consumption recovered last week to where it stood just before the pandemic forced everyone inside but uncertainty lingers for the oil industry as driving season season approaches its end. Will anyone be driving back to school? Gasoline demand last week increased to 8.715 million barrels-a-day, the highest level for the four-week moving average since March 20, Energy Information Administration data show. “That’s an impressive number,” said Phil Flynn, senior market analyst at Price Futures Group. “It looks like people are finally getting back on the road, especially since we had been seeing a lot of discussion of the second wave of the virus.” More drivers were spotted in California and Texas, the states with the most registered vehicles, Macquarie said in a note this week. Still, demand is […]