America Economy Oil Prices Production 
Green Car Congress
MARCH 13, 2015
Lest we be too quick to forget whence we came, America is now 9-months into lower gasoline prices, which started their swoon the week of June 30, 2015 from a lofty national average just under $3.70, tumbling almost every subsequent week before bottoming and bouncing from $2.02 What is a reasonable price for oil?
Green Car Congress
AUGUST 27, 2013
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. Click to enlarge.
Green Car Congress
APRIL 18, 2020
IHS Markit is forecasting that global commercial vehicle production (GVW 4-8) volumes in 2020 compared to 2019 will be down 22% (more than 650,000 units) to 2.6 Most commercial vehicle factories in mainland China have returned to production. million units, in the wake of the COVID-19 pandemic. decline in global real GDP in 2020.
Green Car Congress
APRIL 10, 2015
However, OPEC has been in the line of fire from the western world in light of its stance of not reducing the production levels of its member nations (excluding Iran). Most view this as a strategy to squeeze the American shale production and other non-OPEC nations. (Source: opec.org). All is not well for OPEC. Venezuela’s Woes.
The Truth About Cars
OCTOBER 30, 2023
If you want to be picky, the 198 6 Sprint ER was the gas-mileage king of 1980s America, rated at 44 city and 53 highway miles per gallon. It also had an upshift light (located in the lower right corner of the cluster) to remind drivers that fuel economy was more important than brisk acceleration.
Green Car Congress
APRIL 23, 2018
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. Refined product demand growth has averaged 1.2
Green Car Congress
DECEMBER 21, 2015
It will also be due to the continued drive to reduce carbon emissions and improve vehicle fuel economy in the major developed vehicle markets. These include the dive in oil prices that began in mid-2014, as well as the phasing out of some local government purchase incentives. Electric Vehicle Market Forecasts”.
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