CONSUMER FUEL DEMAND REBOUNDS 22% AS STATES REOPEN
https://www.gasbuddy.com/go/april-fuel-demand-2020/May 14, 2020
According to the latest fuel demand data from our free payments program Pay with GasBuddy, COVID-19 continued to affect United States fuel demand in April, with gallons purchased on its worst day, April 12, down 62% compared to the best day of 2020 on March 13. Yet as various states have since re-opened non-essential businesses, demand in the last week of April rebounded 22% from the lowest overall week of gasoline demand in 2020 (April 5 – 11).
“Fuel demand is a significant economic indicator,†says Sarah McCrary, CEO of GasBuddy. “While April fuel demand was down compared to March, we saw consecutive weekly increases in gallons purchased and the number of active cardholders as the month progressed. We will continue to watch Pay with GasBuddy transactional data in the months ahead as states continue to reopen and the summer months begin.â€
The year-over-year drop in fuel demand equates to an average purchase of 50 gallons per driver in April 2019 and 39 gallons per driver in April 2020....
