Storm Seen Cutting Gasoline, Jet-Fuel Demand by Deutsche Bank

Superstorm Sandy will reduce demand for gasoline and jet fuel as the U.S. East Coast lacks electricity, while it largely spared the region’s energy infrastructure, according to Deutsche Bank AG.

“With much of the East Coast energy infrastructure generally unscathed by Hurricane Sandy, focus has now shifted to concerns about the dampening impact the storm may have on demand,” analysts led by Xiao Fu in London said in an e-mailed report today. “With so much of the densely populated eastern region affected by the storm and still lacking power, demand is expected to slip in the immediate aftermath.”