The International Energy Agency (IEA) recently released a report suggesting that worldwide gasoline demand may never return to pre-pandemic levels. The IEA may be correctly capturing a declining trend in gasoline use due to lower future growth in car travel, ongoing improvements in fuel economy, and shifts to electric vehicles. But this is still highly uncertain, as we emerge from a pandemic where there may be considerable pent-up demand and there is the possibility of returning to previous global growth trends.