Page added on March 25, 2009
“We think U.S. gasoline demand has peaked,” said Alan Gelder, vice president of downstream oil for analyst Wood Mackenzie, which on Monday released a study saying smaller, East Coast refineries primarily producing gasoline would face the greatest challenges for surviving.
“We think gasoline demand will never be back to 2007 levels,” Gelder said. “First it will be the recession then vehicle fuel efficiency.”
Guardian
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