article thumbnail

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

Green Car Congress

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.

Gasoline 418
article thumbnail

IEA: global oil demand to decline in 2020 as coronavirus weighs on markets

Green Car Congress

Global oil demand is expected to decline in 2020 as the impact of the new coronavirus (COVID-19) spreads around the world, constricting travel and broader economic activity, according to the International Energy Agency’s (IEA’s) latest oil market forecast. The IEA now sees global oil demand at 99.9

Oil 300
article thumbnail

Neste Oil to invest €65M to enhance high-octane gasoline production at Porvoo

Green Car Congress

Neste Oil has decided to build an isomerization unit at its Porvoo refinery. The investment, valued at approximately €65 million (US$88 million), is intended to increase the output of high-octane gasoline and improve refining flexibility at the site. The isomerization unit will have a capacity of 600,000 t/a.

Gasoline 199
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

Gasoline 269
article thumbnail

Looking to get in a hybrid for cheap? Used Toyota Prius 1.5 HSD 2004-2009 Review

Green Car Congress

Used Priuses, especially the Generation 2 that were made from 2004 to 2009 are becoming a bargain to buy, especially for the MPG and features you get in return. Power steering is electric and as a result we don’t need to check the power steering oil level as there isn’t any. Priuses can burn oil. How did it all start?

2004 409
article thumbnail

California Gasoline Use Down 2.3%, Diesel Down 3.2% in November 2009

Green Car Congress

California gasoline consumption decreased 2.3% in November 2009 compared to the same month in 2008, according to figures released by Betty T. January through November 2009, California gasoline consumption declined 1.4% January through November 2009, California gasoline consumption declined 1.4% per gallon.

2009 199
article thumbnail

BASF Fourtune FCC catalyst to deliver more butylene; increases FCC gasoline octane; no increase in H2 and coke production

Green Car Congress

The technology provides an answer to the increased demand for octane since today’s tighter sulfur regulations often require post-treatment on the gasoline stream, which can negatively impact the octane pool. Refiners need to reduce the sulfur content of their gasoline pool to meet the 10 ppm requirement.

Gasoline 243