Demand for gas could drop at least 50%, according to a new market analysis.

“A sudden drop in miles traveled by car triggered by social isolation measures will have immediate ramifications for gasoline demand,” IHS Markit, a market analysis firm, said in its assessment released Thursday. “The magnitude of gasoline demand decline will be much greater than the impact of the 2008 recession — and could be further protracted depending on how effective social distancing measures are.”