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EIA: Strong demand for diesel leads to high prices and tight inventories going into winter

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Strong demand for ultra-low sulfur diesel (ULSD) in October, combined with reduced global production, has resulted in lower ULSD inventories in the United States, according to the US Energy Information Administration (EIA). In October 2022, the United States had 25 days of supply of distillate, the fewest since 2008, the EIA said.

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S&P Global Mobility: average age of light vehicles in US hits record high 12.5 years

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years, up by more than three months over 2022, according to the latest analysis from S&P Global Mobility. It also reflects the highest yearly increase since the 2008-2009 recession, which caused acceleration in average age beyond its traditional rate due to the sharp decline in new-vehicle sales demand. million units to 13.9

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UPS to invest $130M in > 700 natural gas vehicles and infrastructure; > $1B invested in alt fuels since 2008

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UPS will have invested more than $1 billion in alternative fuel and advanced technology vehicles and fueling stations from 2008 through 2018. Carlton Rose, president, global fleet maintenance and engineering for UPS. RNG yields up to a 90% reduction in lifecycle greenhouse gas emissions when compared to conventional diesel.

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European car market logs best year for alternative fueled vehicles, lowest diesel share since 2001

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Diesel vehicles posted their lowest market share since 2001, as demand fell by double digits in 20 of the 27 markets included in JATO’s analysis, with the biggest drops in the UK (-30%), Scandinavia (-22%) and Benelux (-22%). —Felipe Munoz, JATO’s global analyst. of total registrations in 2008. market share. market share.

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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. IHS Markit expects global GDP to grow by 3.4%

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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. million units in March 2020, down by 39% from March 2019. million units.

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Diesel new vehicle market share in Europe in February dropped to 39.5%; SUVs still driving growth

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The results mark the highest February volume since 2008, when 1.19 million cars were registered, as well as constituting the highest YTD volume since 2008, with 2.44 The market share of diesel vehicles fell to 39.5% Diesel continues to decline and its market share fell to 39.5%, with volume falling by a significant 12.8

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