Report: Gas Demand to Drop Off in Next 5 Years

Over the next five years, U.S. demand for gasoline is poised for a cumulative drop of 700,000 barrels per day, and the pace of that demand destruction is likely to accelerate after the year 2020, according to strategists at Bank of America Merrill Lynch. MarketWatch reported that the gasoline market faces a growing supply-and-demand gap, [...]