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EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

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The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 In 2009, Asia surpassed North America as the world’s largest petroleum-consuming region as consumption rebounded from its 2008 decline. North America. Source: EIA.

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Report suggests that not following good eco-driving practices can lead to a reduction in on-road fuel economy of up to about 45% in total

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The types of vehicles consumers select has by far the most dominant impact on on-road fuel economy—the best vehicle currently available for sale in the US is nine times more fuel efficient than the worst vehicle. Average on-road fuel economy in the US for all vehicles in 2008 was 17.4 mpg US (13.5

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Ford to Introduce 9 New or Upgraded Engines and Six New Transmissions in North America This Year

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Ford will introduce nine new or upgraded engines and six new transmissions in North America this year as part of a five-year effort to overhaul its entire global powertrain portfolio. One of the advanced and fuel-efficient North American powertrains will be the 2012 Ford Focus’ all-new normally aspirated 2.0-liter

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Daimler Buses North America Crests 3,000 Hybrid Bus Sales Mark

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This compliments its existing fleet of 56 Orion VII hybrids which were delivered in 2008 and the 40 units that will be delivered in 2009. In 2008, Daimler deployed lithium-ion energy storage technology for buses in volume production. This development has reduced the weight of the overall bus and thereby further improving fuel economy.

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Study Finds Both Unemployment Rate and Fuel Price Influence Buyers Decisions on Fuel Economy of Vehicles Purchased

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From October 2007 to April 2009, the average fuel economy of purchased new light-duty vehicles improved from 20.2 Sivak and Schoettle performed two regression analyses, one focusing on the number of vehicles purchased and the other one on their rated fuel economy. This ended when gasoline prices declined in late 2008.

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Forecast: Cumulative Hybrid and Plug-in Hybrid Fleet Sales to Reach Nearly 4 Million Units By 2015

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Pike Research managing director Clint Wheelock says that North America will be the leading region in terms of hybrid fleet penetration, with hybrids reaching 8% of all fleet sales in the next five years. For example, in North America nearly 10% of buses sold in 2015 will be hybrids. Clint Wheelock.

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

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There is a possibility that the OECD-demand growth effects could be short-lived as oil prices gradually start returning to higher levels, fuel economy improves and EV penetration grows. Increasing upstream activity in North America will support continued growth of NGLs as a pillar of demand, according to the IHS Markit report.

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