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Oil Supply & Demand in 2030 with Joel Couse
The HC Commodities Podcast
The Challenge of Electric Vehicle Penetration
It's very unlikely that we'll see gasoline demand going back to the level that we saw in 2019. Even if we're at 20 or 30% of new car sales, it will still take anywhere from five to eight years before we really begin to have a significant impact on fuel demand. And then a steady decline on gasoline, which will be offset by the growth in the other oil products coming out of the refinery.
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