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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

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Machine learning PODA model projects the impact of COVID-19 on US motor gasoline demand

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The Motor Gasoline Demand Estimation Module quantifies motor gasoline demands due to the changes in travel mobility. Under the optimistic infection scenario, the projected trend of motor gasoline demand will recover to about 95% of the non-pandemic gasoline level (almost fully recover) by late September 2020. —Ou et al.

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API reports record US petroleum production in April: 10.543 million b/d; strongest April demand since 2007

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Consumer gasoline demand, as measured by total motor gasoline deliveries, of 9.3 Strong global demand raised international oil prices by more than domestic ones. Domestic WTI crude oil prices averaged $66.25 Meanwhile, international Brent crude oil prices continued to increase by more—8.5

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EIA expects US motor fuel consumption to increase this summer, but remain below 2019 levels

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EIA also forecasts the Brent crude oil price will average $64 per barrel this summer, a 78% increase from last summer’s average of $36 per barrel. That price increase paired with an increase in gasoline and diesel demand will likely increase the cost of regular gasoline and diesel fuel this summer.

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EIA: US household gasoline expenditures in 2015 tracking to be lowest in 11 years

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The average US household will spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years, according to projections by the US Energy Information Administration (EIA). The price for US regular gasoline has fallen 11 weeks in a row to an average $2.55

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EIA AEO2015 projects elimination of net US energy imports in 2020-2030 timeframe; transportation energy consumption drops

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AEO2015 presents updated projections for US energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. trillion cubic feet (Tcf) in the Low Oil Price case to 13.1

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GM To Forge Ahead With Electric, Plug-In Hybrid, Other Electrified Vehicles

Green Car Reports

When oil prices drop, the knee-jerk response of many analysts is to forecast doom for sales of electric cars, plug-in hybrids, and other green cars. That''s not something General Motors recognizes as an issue, though. DON''T MISS.

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