EIA expects record global petroleum consumption in 2024, with lower crude oil prices
Green Car Congress
JANUARY 11, 2023
According to EIA’s January Short-Term Energy Outlook (STEO) , global liquid fuel consumption will exceed 100 million barrels per day, on average, in 2023 for the first time since 2019, then average more than 102 million barrels per day in 2024. EIA forecasts US gasoline prices to average around $3.30 per gallon in 2023 and $3.10
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