Marathon Petroleum ‘cautiously optimistic,’ still sees lower fuel demand

摘要

Demand for fuel remains a primary concern for marketoutlook, and Marathon Petroleum Corp. said its expectationfor its retail gasoline sales in the first quarter is to reach 90%of the level seen in the first quarter of 2020.That would be an improvement from the fourth quarterof last year, when same-store gasoline sales volumes atretail arm Speedway were down 18.1% year on year. Thatmeasure is largely in line with OPIS Demand Report findingsfor the country during October and November and a deeperreduction than Energy Information Administration finalrenderings of about 12% for the two months.