IHS Markit: US gasoline demand could be cut almost in half due to COVID-19
Green Car Congress
MARCH 27, 2020
IHS Markit downgraded its expectations for Mainland China by 2.3 China is expected to show signs of bottoming out through the second half of 2020, but the scale of the economic slowdown will likely lead to some destroyed demand. A fall of 12% for 2020 would be considerably worse than the two-year peak-to-trough decline of 8.0%
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