Should U.S. refiners get excited about one week of record demand for gasoline? With jet fuel consumption still weak and distillate stocks rising despite strong domestic demand, refiners must rely on gasoline as their summer lifeline. The first of the season’s two big driving holidays, July 4, generated strong demand for the motor fuel. Now, refiners need that momentum to hold until Labor Day, which this year falls during the first full week in September. Gasoline demand, measured by product supplied, surged 9.5% to more than 10 million barrels a day last week, a record high in weekly data going back to 1990. London consultancy Energy Aspects Ltd. estimates U.S. summer gasoline use, however, will lag a couple of percentage points behind 2019 levels, tossing out comparisons to […]