EIA: Three Factors Behind Gasoline Demand Drop in China

EIA: Three Factors Behind Gasoline Demand Drop in China

November 22, 2024--Written by Paul Wiseman for Industrial Info Resources (Sugar Land, Texas)--A list of issues has contributed to a drop in gasoline demand in China in recent months. In August, demand dropped below its corresponding month in 2023 for the first time this year, followed by year-over-year declines in September and October. The most recent figures show gasoline demand in October was below 2023 levels but was still higher than October 2022, according to the China National Bureau of Statistics, China General Administration of Customs, and Bloomberg L.P. as quoted by the U.S. Energy Information Administration (EIA).

Login or Register for Instant Access

Subscribe Now!

(All Fields Required)