How Coronavirus Is Impacting Fuel Supply and Demand

New Convenience Matters podcast looks at how global supply issues affect local fuel retailers.

March 27, 2020

ALEXANDRIA, Va.—The coronavirus pandemic has led to an unprecedented drop in oil demand around the world. What does this mean for fuel retailers—both in the short term and long term? And what do you need to think about today as markets continue to wildly swing in trading?

In the latest Convenience Matters podcast, hosts Jeff Lenard, NACS vice president of strategic industry initiatives, and Donovan Woods, director of operations for the Fuels Institute, talked to OPIS’ Chief Oil Analyst Denton Cinquegrana about market conditions, looking at the big picture in terms of how market conditions could play out over the coming weeks—or years.

Cinquegrana also answered listener questions that were posted on the Convenience Matters website, where listeners can click on the “Send a voice message” function on the bottom left to leave ideas for future topics and/or questions.

Denton is also a presenter in the NACS Virtual State of the Industry Experience, which launches April 14.

Each week a new Convenience Matters episode is released. With more than 200 episodes to choose from, the podcast can be heard on Apple Podcasts, Spotify, Google Play and other podcast apps and YouTube and at Episodes have been downloaded more than 130,000 times by listeners around the world.

Coronavirus Resources

NACS has compiled resources to help the convenience retail community navigate the COVID-19 crisis. For news updates and guidance, visit our coronavirus resources page.