Hopes for a gasoline demand recovery during Japan’s Golden Week holiday are being thwarted as the government prepares to declare a state of emergency later Tuesday in a bid to contain the coranavirus pandemic, which is expected to severely restrict movement during the peak driving season. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Japanese refiners and traders now expect the Golden Week gasoline demand to drop as drivers will be restrained from going out during one of Japan’s peak driving seasons, pressuring some refiners to cut runs further in coming weeks, market sources told S&P Global Platts. Golden Week typically runs from late April to early May. “While Tokyo and Osaka will be subject to the state of emergency, gasoline consumption will collapse […]