Assessing gasoline demand

04/26/2010
Prospects for increased US gasoline demand have been written off by much of the industry and many analysts to the point that it has become "a sort of conventional wisdom" that the market "will decline inexorably from this point," said Paul Horsnell, managing director and head of commodities research at Barclays Capital in London.By the end of 2009, some chief executives of major oil companies were "so unequivocal about gasoline's dire future" that one might think it had been "a truly awful year" for the US gasoline market. "However, reality and rhetoric are not always the same," Horsnell said. "On the latest data available, US gasolin...
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