Gas demand.

Bloomberg’s commodities maestro Javier Blas walks through the confounding ways gasoline demand in Europe is holding up, for now, despite the rise in sales of EVs.

Bloomberg reported earlier this week that Sinopec, China’s largest gasoline distributer, believes demand there has now peaked in the face of exploding EV sales. After a lag, Europe very likely will see the same.

Bill Spindle

Senior Global Correspondent