Remove Economy Remove Gasoline Remove Gasoline-Electric Remove Global
article thumbnail

EIA expects record global petroleum consumption in 2024, with lower crude oil prices

Green Car Congress

The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. Our forecast for global consumption of petroleum depends on uncertain economic conditions—especially in China. —EIA Administrator Joe DeCarolis.

article thumbnail

Prometheus CEO outlines tech advances that could make CO2-to-fuels renewable gasoline and jet price-competitive with fossil fuels

Green Car Congress

In a commentary in the journal Joule , Rob McGinnis, founder and and CEO of Prometheus , a company that is developing technology to remove carbon dioxide from the air and turn it into fuels, discusses the technology advances that could lead to the potential price-competitiveness of renewable gasoline and jet with fossil fuels.

Gasoline 357
article thumbnail

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

A sudden drop in miles traveled by car in the US triggered by wide-spread social isolation measures will have immediate ramifications for gasoline demand. IHS Markit analysis finds that US gasoline demand could fall by as much as 4.1 The four-week average US gasoline demand for the week ending 6 March 2020 was 9.1 million units.

Gasoline 269
article thumbnail

ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

Green Car Congress

Diesel will surpass gasoline as the number one transportation fuel worldwide by 2020 and continue to increase its share through 2040, according to ExxonMobil’s recently published Outlook For Energy: A View To 2040. Mix of the global vehicle fleet. Sources for fuel economy gains in light-duty vehicles. Click to enlarge.

Gasoline 383
article thumbnail

New report finds global CO2 vehicle emission reduction measures falter; dropping diesels, increasing SUVs

Green Car Congress

Vehicle fuel economy improvements have slowed globally, according to the latest report from the Global Fuel Economy Initiative (GFEI): Fuel Economy In Major Car Markets: Technology And Policy Drivers 2005-2017. Overall, global fuel economy has improved by an average of 1.7% in the past two years.

Global 308
article thumbnail

Volkswagen Millerized 1.5 TSI ACT BlueMotion gasoline engine offers diesel-like fuel economy; derivatives may be applied in hybrid systems

Green Car Congress

Volkswagen has developed and deployed a gasoline engine that offers diesel-like fuel economy but is significantly cheaper to buy. Compared with other gasoline engines, the intake valves of the 1.5 Chargers of this kind combined with gasoline engines are usually found only in high-performance cars. l/100 km (49 mpg US).

article thumbnail

Diesel Technology Forum: 57% of all commercial diesel trucks on the roads in US are near-zero emissions models

Green Car Congress

Analysis of a study by S&P Global Mobility shows the number of new near-zero emission diesel trucks on the road in the US increased 10.2% are electric, and the remainder are gasoline or other fuels. are electric, and the remainder are gasoline or other fuels. are advanced diesel technology; 2.1% are CNG, 0.3%

Diesel 284