Americans are still buying up fuel to make the most of summer travel despite a new wave of Covid-19 outbreaks, allaying fears a resurgent virus would choke off the oil market’s remarkable recovery this year.
Fuel consumption, measured by the amount of gasoline sent to the market, last week rose to the highest level since the end of July. The figures defy expectations that Covid-19 concerns would keep more Americans at home and drive down demand.
