NEW YORK — The world’s once-insatiable demand for gasoline is unlikely to recover to pre-pandemic levels, according to a report Wednesday from the International Energy Agency.
Gasoline use cratered during the pandemic as cities shut down and many people began working from home, a trend that will likely continue as the COVID-19 crisis eases. Many governments also have been pushing for low-carbon alternatives.
Oil demand, meanwhile, is expected to continue to increase as developing countries with growing populations use more of the fuel. But it is not expected to return to pre-pandemic levels until 2023, according to the Paris-based intergovernmental agency.
Gasoline demand is unlikely to fully return because
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