The number of Americans taking road trips this Christmas is poised for a slump of as much as 25%, with many staying home amid soaring coronavirus cases, according to GasBuddy analyst Patrick DeHaan.
The estimate, based on a survey of over 1,800 people, provides more evidence of declining demand for gasoline during the latest wave of the pandemic. Consumption that’s near the lowest level since June will likely reach a new trough around New Year’s Day, DeHaan, the fuel market research firm’s head of petroleum analysis, said Tuesday.
