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Home » World Puts Gasoline in the Rearview Mirror
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gasoline demand

World Puts Gasoline in the Rearview Mirror

IEA Says Consumption Won’t Return to 2019 Levels

Mar 17, 2021
Rich Heidorn Jr.
Federal Policy / Transportation Decarbonization / Fossil Fuels
Crushed by COVID and facing increasing efficiency standards and competition from electric vehicles, worldwide gasoline demand has likely peaked, the International Energy Agency reported Wednesday. "World oil markets are rebalancing after the COVID-19 crisis spurred an unprecedented collapse in demand in 2020, but they may never return to ‘normal,’" IEA...

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