High Fuel Prices Yet to Slow Road Traffic
- Indian gasoline demand was near 2020 levels in early February
- U.S. airport turnstile data shows improvement in numbers: TSA
U.S. average pump prices for regular gasoline have topped $3.50 a gallon.
Photographer: Michael Nagle/BloombergThis article is for subscribers only.
Gasoline consumption has risen to within a few percentage points of pre-pandemic levels in the U.S. and India, recent high-frequency data show. High prices may yet challenge coronavirus travel curbs as a bigger near-term threat to demand.
While mobility restrictions are fast disappearing and offices filling up once again at variable speeds around the world, motorists are also feeling the pinch from the energy crunch. U.S. average pump prices for regular gasoline have topped $3.50 a gallon for several days now, a level not seen since the summer of 2014.