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

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Gasoline prices are forecast to go even lower in 2015. Gasoline prices are falling because of lower crude oil prices, which account for about two-thirds of the price US drivers pay for a gallon of gasoline. miles per gallon (mpg) for model-year (MY) 2005 cars to almost 28 mpg for MY2014, an increase of about 21%.

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BP approves revamped $9B Mad Dog Phase 2 project in the deepwater Gulf of Mexico; down from original $20B cost

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BP has sanctioned the $9-billion Mad Dog Phase 2 project in the United States, despite the current low oil price environment. Today, the leaner $9-billion project, which also includes capacity for water injection, is projected to be profitable at or below current oil prices. Earlier post.).

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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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ICCT updates US airline fuel efficiency rankings; Alaska stays on top, American on bottom

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on an RPM (revenue passenger miles) per fuel basis, due in large part to a 1% increase in average passenger load factor to 84% in 2014and higher seating densities (and greater passenger discomfort) on domestic flights. years old, weighted by passenger-miles flown) than in 2013, while previous years showed an aging fleet.

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EIA Energy Outlook 2013 reference case sees drop in fossil fuel consumption as use of petroleum-based liquid fuels falls; projects 20% higher sales of hybrids and PHEVs than AEO2012

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Despite the projected increase in LDV miles traveled, energy consumption for LDVs further decreases after 2025, to 13.0 Biofuels grow at a slower rate due to lower crude oil prices and. US energy-related carbon dioxide emissions remain more than 5% below their 2005 level through 2040, reflecting increased.

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IEA: Global CO2 emissions up by 1.0 Gt (3.2%) in 2011 to record high

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However, China’s carbon intensity—the amount of CO 2 emitted per unit of GDP—fell by 15% between 2005 and 2011. China made the largest contribution to the global increase, with its emissions rising by 720 million tonnes (Mt), or 9.3%, primarily due to higher coal consumption. Gt, the IEA said.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% Personal air travel (billion seat-miles) grows by an average of 0.7% After 2017, the Brent spot oil price increases, reaching $141/bbl in 2040 due to growing demand that requires the development of more costly resources.

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