U.S. gasoline demand has collapsed as stay-at-home orders keep drivers off the road, following the pattern seen in the hardest-hit parts of Europe. Sales at retail stations were down 46.6% from a year earlier in the week ending March 28, according to a report from OPIS by IHS Markit. The average station sold about 11,000 gallons — less than two tanker trucks’ worth. The gasoline demand plunge accelerated as government orders on staying home became more widespread, dropping 30% in a week. The loss of consumption in the U.S. echoes that of Spain and Italy, which imposed some of Europe’s harshest restrictions on movement. Demand there for gasoline was down about 85%. Weekly U.S. government data show that the least gasoline was supplied to the market since 1994. While the drop isn’t as drastic […]