Traffic on Europe’s highways and in the biggest cities has been rising in recent weeks as economies reopen, suggesting a rebound in road transportation fuel demand. Traffic on highways in Spain and France, one of the largest car markets in Europe, is now only slightly off the pre-COVID levels from 2019, according to data from highway operators quoted by Bloomberg . Many European countries have been gradually reopening over the past month while advancing vaccination rates prompt more people to travel on the roads. This is bullish news for gasoline and diesel demand, which is expected to be the first to recover to pre-pandemic levels, especially compared to the lagging aviation fuel demand. Traffic in European capitals is also intensifying, with traffic in 15 capitals reaching the busiest this year, according to data from location technology company TomTom NV cited by Bloomberg. Fuel sales in the United Kingdom surged […]