Gasoline demand predicted to plummet in Colorado, nationally due to COVID-19 restrictions

National gasoline demand is being cut by more than half due to stay-at-home orders like Colorado’s and similar strategies to fight the spread of the COVID-19 pandemic — the reduction in driving is already poised to be larger that what was seen during the entire Great Recession.

U.S. gasoline demand could fall by as much as 4.1 million barrels daily as more people work from home and avoid going out, according to forecasts by IHS Markit, a London-based economic and business research firm.

“The…

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