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Large differences among the recent increases in the cost of powering gasoline, diesel, and electric vehicles

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This post examines the recent changes in the costs of powering gasoline, diesel, and electric vehicles. The expectation was that the cost of electricity had recently increased much less than the costs of gasoline and diesel. Electricity. $/g. Month (2022). Change from January (%). $/g.

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EIA expects record global petroleum consumption in 2024, with lower crude oil prices

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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 2024.

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Kia introduces 5th-generation Sportage SUV; gasoline, diesel, HEV, PHEV

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Developed on a new architecture, the all-new Sportage will offer gasoline and diesel powertrains at market launch later this year, followed by hybrid-electric (HEV) and plug-in hybrid electric (PHEV) models. The Sportage will be launched with a range powertrains, including clean gasoline and diesel IC engine technology.

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EIA expects increased US crude oil production, with continued high petroleum prices in 2022

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The US Energy Information Administration (EIA) forecasts that US crude oil production will average 11.9 Despite the increases in production, EIA expects the Brent crude oil price to remain above $100 per barrel this year, according to the agency’s May 2022 Short-Term Energy Outlook (STEO). million barrels per day this year and 12.8

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President Biden calls on Congress, States for fuel tax holiday; increase in refinery capacity

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President Biden called on Congress to suspend the federal gas tax for the next 90 days, through the busy summer driving season—18 cents per gallon for gasoline and 24 cents per gallon for diesel. He also continued his calls for the oil industry to increase refinery capacity to increase production.

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€7M German project to develop processes and demand scenarios for the mass production of synthetic fuels; “Refineries for Future”

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Synthetic fuels from renewable energy sources will be needed to reach the climate goals in the full transport sector. So-called “refuels” promise to reduce CO 2 emissions by 90% compared to conventional fuels. In spite of increasing electric mobility in the transport sector, we will continue to need liquid fuels for a long time.

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Actual fuel economy of cars and light trucks: 1966-2019

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vehicle fuel economy. Specifically, this study examines actual fuel economy of cars and light trucks (pickup trucks, SUVs, and vans) from 1966 through 2019. (My Calculated vehicle fuel economy is available going back to 1923. The primary measure in this analysis is the average miles driven per gallon of fuel for each year.