article thumbnail

EIA: US gasoline consumption hit all-time high in 2016

Green Car Congress

Consumption of motor gasoline in the US hit an all-time high in 2016, reaching 9.327 million barrels per day, up 1.6% from 2015 and exceeding the prior peak of 9.286 million barrels per day in 2007, according to revised figures in the US Energy Information Administration (EIA) Monthly Energy Review. Source: EIA. Click to enlarge.

2016 170
article thumbnail

US exports of petroleum products up more than 60% since 2007 as markets become more globally integrated

Green Car Congress

Total US exports of finished petroleum products have increased more than 60% since 2007 as markets have become more globally integrated, according to the US Energy Information Administration (EIA). This trend is driven primarily by finished motor gasoline and distillate fuel oil which are increasingly exported to Latin America.

2007 273
article thumbnail

EIA forecast of 2014 US gasoline use has risen 2 billion gallons (1.6%) in past 10 months

Green Car Congress

The US Energy Information Administration’s (EIA) short-term forecasts of US gasoline consumption, which cover the current and upcoming calendar year, have risen 1.6% The latest Short-Term Energy Outlook (STEO) expects 2014 gasoline consumption to be 8.82 The PSM measures product supplied, which is used as a proxy for consumption.

2014 246
article thumbnail

Fisker reports more than $100M in revenue Jan-Apr 2012; more than $1B in funding since 2007

Green Car Congress

The latest funding has lifted the overall financing beyond $1 billion since the start of the company in 2007. With Sport mode engaged, the gasoline engine drives the generator to provide enough electricity for 403 total system horsepower, allowing the Karma to accelerate from zero to 60 mph in 5.9

Fisker 277
article thumbnail

IEA: record oil output from US, Brazil, Canada and Norway to keep global markets well supplied

Green Car Congress

Oil production growth from the United States, Brazil, Canada and Norway can keep the world well supplied, more than meeting global oil demand growth through 2020, but more investment will be needed to boost output after that, according to the International Energy Agency’s latest annual report on oil markets.

Brazil 218
article thumbnail

California Energy Commission approves $384M plan to accelerate zero-emission transportation; 50% of funds to benefit disadvantaged communities

Green Car Congress

The plan focuses on closing gaps in zero-emission fuels and infrastructure to support Governor Gavin Newsom’s executive order phasing out the sale of new gasoline-powered passenger vehicles by 2035. 25 million for zero-and near-zero-carbon fuel production and supply. $10 million for medium- and heavy-duty ZEVs and infrastructure. $70

article thumbnail

EPA Proposes Lower Increases For Ethanol In Gasoline

Green Car Reports

In 2007, the Federal government created the Renewable Fuels Standard, requiring increased amounts of corn-based ethanol and advanced biofuels to be blended into the nation's gasoline supply.