2019 Economy Gasoline Oil Prices 
Green Car Congress
JANUARY 11, 2023
The US Energy Information Administration (EIA) expects global consumption of liquid fuels such as gasoline, diesel, and jet fuel, to set new record highs in 2024. Areas of uncertainty include Russian oil supply and OPEC production. EIA forecasts US gasoline prices to average around $3.30 per gallon in 2023 and $3.10
Green Car Congress
MARCH 27, 2020
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 million units.
Green Car Congress
JANUARY 11, 2023
Despite efforts to continue stimulating the US economy in the wake of the pandemic, high inflation put a damper on economic growth, which was exacerbated by a spike in oil prices as a result of Russia’s invasion of Ukraine. Consequently, the US economy grew 1.9% in 2022, down from a 5.7% GDP increase in 2021.
Green Car Congress
APRIL 7, 2021
EIA’s annual Summer Fuels Outlook, released today with EIA’s Short-Term Energy Outlook (STEO), expects a 15% increase in US highway travel this summer but still less highway travel than in the summer of 2019. EIA expects the retail price of regular-grade gasoline in the United States will average $2.78 gal last summer.
Green Car Congress
DECEMBER 5, 2012
Transportation sector gasoline demand declines. new appliance standards and CAFE) and changes in the way energy is used in the US economy. quadrillion Btu in 2035, as a result of fuel economy improvements achieved through stock turnover as older, less efficient vehicles are replaced by newer, more fuel-efficient vehicles.
Green Car Congress
DECEMBER 16, 2013
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. T he Brent crude oil spot price declines from $112 per barrel (bbl) (in 2012 dollars) in 2012 to $92/bbl in 2017. per year, from 21.5
Green Car Congress
DECEMBER 17, 2010
Among the transportation-related updates going into AEO2011, the EIA increased the limit for blending ethanol into gasoline for approved vehicles from 10% to 15%, as a result of the waiver granted by the US Environmental Protection Agency (EPA) in October 2010. Transportation updates. Unconventional vehicle sales. Source: EIA.
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