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Actual fuel economy of cars and light trucks: 1966-2019

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Specifically, this study examines actual fuel economy of cars and light trucks (pickup trucks, SUVs, and vans) from 1966 through 2019. (My Department of Transportation were the sources of the information for 1986 through 2019. The graph below shows the changes in actual vehicle fuel economy from 1966 through 2019. per year.

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DOE: Adjusted for inflation, the price of gasoline in 2019 was similar to the price in 1929

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The average annual price of gasoline has fluctuated greatly over the past several decades, but when adjusted for inflation (constant dollars), the price of gasoline in 2019 was only nine cents higher than in 1929, according to the US Department of Energy (DOE). The graph below shows the effect of the oil embargo in the early 1980s.

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Annual petroleum production in the US more than doubled from 2008 to 2018

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million barrels per day (mmbd) in 2008 to 15.3 Note: Petroleum includes crude oil and natural gas liquids. Energy Information Administration, Monthly Energy Review, September 2019, Table 3.1. Annual petroleum production in the United States doubled from 6.8 mmbd in 2018, according to the US Department of Energy (DOE).

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DOE to award up to $88M for oil and natural gas recovery research

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The Department of Energy’s (DOE’s) Office of Fossil Energy announced up to $88 million in federal funding for cost-shared research and development projects enhancing technologies for oil and natural gas recovery under two separate funding opportunity announcements (FOAs). Concept papers must be submitted by 25 January 2019.

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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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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. Source: IHS Markit 2018. —Spencer Welch.

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BTG and GoodFuels exploring options for joint investment to convert pyrolysis oil to low-carbon fuel for ships

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Biomass technology group BTG plans to set up a new high-tech technology company that can convert crude pyrolysis oil into diesel fuel suitable for the shipping sector. It will be the first refinery in the world for an advanced marine biofuel based on pyrolysis oil. In 2019, Empyro was acquired by the waste processing company Twence.

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

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The magnitude of gasoline demand decline will be much greater than the impact of the 2008 recession and could be further protracted depending on how effective social distancing measures are at controlling the spread of the COVID-19 virus. during the global recession in 2008/2009. million units. million units. million units, down by 13.6%

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