19 May 2009 15:05 [Source: ICIS news]
ROTTERDAM, Netherlands (ICIS news)--Gasoline demand in the ?xml:namespace>
"We think the gasoline demand in the
"Gasoline demand probably peaked in 2007 and it will never be that high again. With the increase in ethanol in the gasoline pool, it will be even lower," he added.
This would be despite the noted pick-up in gasoline markets both in the
The International Energy Agency (IEA) released figures recently indicating that motor gasoline demand increased to 10.39m bbls/day in February from 10.25m bbls/day in January.
However, year on year, February registered a fall of 0.01m bbl/day, and Wilcox believed that there had been a culture shift in the US that was leading to gasoline demand destruction.
"There has been a change in
To discuss issues facing the chemical industry go to ICIS connect
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections