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California Gasoline Use to Fall As State Reverses Reopening

  • Governor has reversed reopening measures amid resurgence
  • Prices dipped a second day on expected impact on fuel demand
A customer wearing a protective mask and gloves pays at a Chevron Corp. gas station in Los Angeles.
Photographer: Kyle Grillot/Bloomberg
Updated on

Energy traders are paying less for gasoline in America’s biggest fuel market as California imposes a new round of business closures to fight a spike in coronavirus cases.

Spot gasoline in Los Angeles and San Francisco fell to the lowest levels in almost two weeks after the state closed indoor dining and bars and two of the biggest school districts said they would offer remote learning only. Both markets had shown signs of weakness in the last few weeks as fresh concerns emerged about the renewed spread of the virus in the most populous U.S. state.