Goldman Stunned By Collapse In Gasoline Demand: "This Would Require A US Recession"

While energy traders remain focused on weekly changes in crude supply and demand, manifesting in shifts in inventory of which today's API data, which showed the second biggest inventory build in history, was a breathtaking example of how OPEC's "production cut" is clearly not working, a much more troubling datapoint was revealed by the Energy Information Administration last week when it comes to gasoline demand.