Attempts to put the coming decline in US gasoline demand, the single biggest item in global #oil consumption, in perspective. 5 mbd = gasoline demand in EU+ME+AF

I also liked @TomKloza& #39;s Nixon reference, so did the attached chart. Shaded area shows Nixon presidency.

#OOTT https://twitter.com/derek_brower/status/1243818208190218240">https://twitter.com/derek_bro...

"President Trump extends national social distancing guidelines through April 30"

Falls in line with our gasoline outlook now - see above.

#OOTT

Look at this. US gasoline sales at 6.7 mbd in the week ending 27 March. This is down 25% y/y and just the beginning.

In the above article we& #39;ve said April will average below 5 mbd.

#OOTT

And there you go. As predicted by @FGEnergy in the above linked @ftenergy article, US gasoline demand has now fallen to 5 mbd (with the caveat of weekly data quality).

Thank you very much for the quote @derek_brower

#OOTT