More than two years since the start of the pandemic, workers have not returned to offices in the top 10 U.S. metro areas. According to the latest Kastle Systems 10-city Back to Work Barometer, office occupancy dropped slightly to 41.2% as of June 1 reflecting the Memorial Day Holiday. Occupancy at legal offices also dropped […]
Office Occupancy Trending Upward
Kastle Systems says top companies are bringing employees back to the office. Spring school holidays lowered occupancy last week. Kastle Systems’ 10-city Back to Work Barometer hit 42.8% last week, a slight decrease from the previous week’s 43.1% rate. The company believes the decline is likely due to workers taking time off during their children’s […]
U.S. Gasoline Demand Declining in March
After rebounding in February, historically high gasoline prices appear to be reducing gasoline demand and traffic volume. Gasoline demand has been declining throughout March in the wake of historic gasoline prices. The four-week moving average in March has declined compared to 2019 levels for each of the first three weeks during the month after rebounding […]
INRIX Reports U.S. Travel Declines Slightly as Gas Prices Increase
Midwest and Southern region trips declined while Western and Northeast increased last week. According to INRIX, while gasoline prices have increased dramatically over the past month, the price increases have had a negligible effect on driving, as employees return to offices and COVID-19 restrictions eased across the country. “Despite the increase in trip demand over […]
U.S. Gasoline Demand Rebounds in February
While the surge in COVID-19 cases impacted demand in January, February gasoline consumption closed in on 2019 levels despite higher fuel prices. Gasoline demand rebounded sharply in February following four weeks of declines throughout January. The four-week moving average of gasoline consumption had been above 2019 levels for four of five weeks reported in December, […]
U.S. Traffic Volume Above 2019 Levels in December
Full year traffic volume bounced back from pandemic low last year to within 1% of 2019. December traffic was up 11.2% compared to December 2020. The December result marks the 10th straight month that traffic volume was up versus 2020. Travel volume in December increased on a year-over-year basis and the versus 2019 levels. Travel […]
Survey Says Many Companies Have No Planned Date for Returning to the Workplace
Conference Board study finds 71% of companies changed their plans due to the surge in COVID-19 cases. The Omicron variant continues to ravage the US. As it does, a new survey reveals that nearly half of businesses whose workplace plans were upended by the latest COVID-19 waves have not communicated plans for returning to the […]
U.S. Traffic Volume Near 2019 Levels in September
September traffic bounced back from August decline to third best month since start of pandemic compared to 2019. Travel volume in September increased on a year-over-year basis and the decrease compared to 2019 levels was the third smallest since the start of the pandemic. Travel for the month of September is estimated at 266.7 billion […]
U.S. Gasoline Demand Above 2019 Levels in Mid-October
For just the second time since the start of the pandemic the four-week moving average was above pre-pandemic levels. Gasoline consumption continued to improve in the first half of October despite the headwinds from the resurgence of the COVID-19 pandemic during the summer and increasing gasoline prices. Gasoline demand had been at all-time record levels […]
September Gas Demand Improving Despite Coronavirus Resurgence
Four-week moving average less than 2% below 2019 levels. The recovery in gasoline consumption continued to improve in early September despite the headwinds from the resurgence of the COVID-19 pandemic during the summer. Gasoline demand had been at all-time record levels leading into the July 4 holiday in the U.S. but has retreated to slightly […]
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