Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Stay on top of the latest market trends
Subscribe to Axios Markets for the latest market trends and economic insights. Sign up for free.
Sports news worthy of your time
Binge on the stats and stories that drive the sports world with Axios Sports. Sign up for free.
Tech news worthy of your time
Get our smart take on technology from the Valley and D.C. with Axios Login. Sign up for free.
Get the inside stories
Get an insider's guide to the new White House with Axios Sneak Peek. Sign up for free.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Want a daily digest of the top Denver news?
Get a daily digest of the most important stories affecting your hometown with Axios Denver
Want a daily digest of the top Des Moines news?
Get a daily digest of the most important stories affecting your hometown with Axios Des Moines
Want a daily digest of the top Twin Cities news?
Get a daily digest of the most important stories affecting your hometown with Axios Twin Cities
Want a daily digest of the top Tampa Bay news?
Get a daily digest of the most important stories affecting your hometown with Axios Tampa Bay
Want a daily digest of the top Charlotte news?
Get a daily digest of the most important stories affecting your hometown with Axios Charlotte
Americans are hopping on planes more than their counterparts in Europe and the rest of the Western hemisphere, a new U.S. Energy Information Administration analysis shows.
Why it matters: Persistently subdued air travel is one of the biggest reasons analysts are increasingly expecting global oil demand to plateau below pre-pandemic levels.
By the numbers: Jet fuel consumed by U.S. commercial passenger flights as of mid-August was about 43% what was consumed at the same time a year earlier.
- That is a higher share than in every other part of the world except China, where it’s at 60% compared to its year-earlier counterpart.
Yes, but: The future is, as they say, tough to predict. Demand for jet fuel in the U.S. slumped 18% compared to a week earlier, EIA said in other data released Wednesday.