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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 graph below shows the effect of the oil embargo in the early 1980s. In 2012, prices reached the highest level in both current and constant dollars but began a steep decline thereafter. Note: Retail price includes Federal and State Taxes.

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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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quadrillion Btu in 2012 to 12.1 from 2012 to 2040, compared to 1.2% The rising fuel economy of LDVs more than offsets the modest growth in VMT, resulting in a 25% decline in LDV energy consumption decline between 2012 and 2040 in the AEO2014 Reference case. l/100 km) in 2012 to 37.2 l/100 km) in 2012 to 37.2

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2012 Chevy Sonic with 1.4L Turbo delivers 40 mpg on highway

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2012 Sonic. The 2012 Chevrolet Sonic with the Ecotec 1.4L The Sonic’s highway fuel economy makes it one of the most fuel-efficient small cars in the market, with fuel economy equivalent to the 2012 Ford Fiesta SFE and on a par with the 2012 Hyundai Accent. Click to enlarge. turbo delivers an EPA-estimated 40 mpg US (5.9

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China adopts new car tax based on engine size to promote energy conservation

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China’s legislature voted on Friday to adopt a new tax based on engine size to encourage the use of smaller engines in vehicles and vessels to reduce pollution and oil dependence. The law will go into effect on 1 January 2012. According to the second draft, taxes on vehicles with engine capacities from 1.0

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ConocoPhillips selling Clyden oilsands asset to Imperial Oil and ExxonMobil Canada for $720M

Green Car Congress

ConocoPhillips has entered into an agreement to sell its 100% interest in the Clyden oilsands leasehold to Imperial Oil and ExxonMobil Canada for approximately $720 million (C$751 million) before customary adjustments. billion from the sale of non-strategic assets as part of its 2012-13 asset disposition program.

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Geothermal energy in US grew 5% in 2012; California the leader

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Preliminary industry data reveals that year-end geothermal growth in 2012 was up 5% from the previous year, according to the Geothermal Energy Association ( GEA ). In 2012, seven new geothermal projects and additions came online in three different states. Projects and new additions that came online in 2012 include: John L.

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RFF papers explore differing outcomes of higher gasoline taxes on public transit and rural areas

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aggregated to the county level given a 10 cent per gallon tax shows tremendous. Source: Spiller and Stephens (2012) Click to enlarge. While in general, higher gasoline taxes can reduce the amount of vehicle miles traveled (VMT) and gasoline consumed, households vary in their ability to reduce their use of gasoline and mitigate the.

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