In current weeks, the variety of air journey passengers has elevated within the United States, which can point out a corresponding near-term enhance in jet gasoline demand. Jet gasoline demand has been at historic lows since April 2020. According to EIA’s Weekly Petroleum Status Report (WPSR), the four-week common consumption of jet gasoline from April 9, 2021, by way of the newest information (as of April 23, 2021) was greater than 1.2 million barrels per day (b/d). This degree of consumption was practically 200,000 b/d increased than the four-week common that ended on March 26, 2021. To calculate jet gasoline consumption, we use product provided as a proxy for consumption.
U.S. jet gasoline consumption decreased in 2020 due to international journey limitations in response to the COVID-19 pandemic, which resulted in considerably much less air journey demand in 2020 in contrast with the shorter and smaller lower following the 9/11 terrorist assaults in 2001. In March 2021, the variety of passengers processed by the U.S. Transportation Security Administration (TSA) averaged 1.2 million per day, probably the most in any month for the reason that onset of the COVID-19 pandemic in spring 2020. In April 2020, air journey considerably declined within the United States, and TSA passenger numbers fell to 100,000 passengers per day. By April 2021, TSA passenger numbers had elevated to a median of 1.four million per day (as of April 26).
TSA tracks and publishes the variety of passengers that transfer by way of TSA airport checkpoints each day. In February 2020, earlier than responses to the COVID-19 pandemic resulted in substantial reductions in air journey, TSA processed a median of two.2 million air passengers per day. TSA passenger numbers elevated steadily however remained beneath 900,000 passengers per day on a month-to-month common foundation till March 2021.
(Source: EIA – Alaska Airlines airplane at Anchorage airport/Ainchorage Daily News)
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