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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

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Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “ —Gabriel Collins.

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EIA STEO projects higher US crude production, increases in travel and gasoline demand

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In its latest Short-Term Energy Outlook (STEO), the US Energy Information Administration (EIA) projects that US crude oil production, which averaged an estimated 8.9 million b/d in 2018. For summer 2017, EIA forecasts motor gasoline consumption to average 9.5 of total gasoline consumption. Electricity.

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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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The large decline in LDV energy consumption in AEO2014 shrinks the LDV modal share of total transportation energy consumption from 60% in 2012 to 47% in 2040. quadrillion Btu in AEO2013, and represents the largest growth among all transportation modes. Delivered energy demand for heavy-duty vehicles (HDVs) in AEO2014 increases from 5.3

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