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Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

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A team from the University of Tennessee and the National Renewable Energy Laboratory (NREL) has the fuel savings due to fuel economy improvements over the past 43 years amount to approximately two trillion gallons of gasoline. Also since 1975, light-duty vehicle travel increased by 134% while fuel use increased by only 37%.

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Gen 3 Ecodiesel in 2020 Ram 1500 EcoDiesel delivers 480 lb-ft, leading fuel economy

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liter V-6 EcoDiesel is also expected to lead the segment on fuel economy. Pricing and fuel economy ratings will be announced closer to the truck’s on-sale date. liter EcoDiesel V-6 delivers increased torque and horsepower, along with fuel economy and minimal levels of noise, vibration and harshness (NVH).

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Fuel economy measures could cut Commonwealth countries’ cumulative oil bill by US$3.2T through 2050

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Commonwealth countries can cut their cumulative oil bill by £2 trillion (US$3.2 The number of road vehicles, and road fuel use, in Commonwealth countries could double by 2030 and increase four-fold by 2050. The most important price signal that will spur consumers to save fuel is a tax on that fuel; Set fuel economy standards.

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IHS Markit: global oil demand still growing in the short term despite increasing focus on EVs

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Short-term oil demand is still growing strong and will continue to do so through the end of 2020 despite the market’s increasing focus on electric vehicles and the forecasted future plateau in oil demand, according to new analysis from IHS Markit, a global business information provider. Source: IHS Markit 2018.

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

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He also continued his calls for the oil industry to increase refinery capacity to increase production. According to the US Energy Information Administration (EIA), as of 13 June 2022, the average price of US regular gasoline was $5.006 per gallon, up $1.937 from a year ago. (An Hence, the importance of increasing crude oil production.

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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 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. This is, however, less than the 13% share projected in AEO2013 because of the lower prices of competing fuels in AEO2014.

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GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

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Meanwhile, significant gains in vehicle fuel economy over the coming decades are possible and very much needed globally in order to address pressing issues of climate change, energy security and sustainable mobility. carbon fuel vehicles will be needed to continue to decarbonize LDVs and reduce oil use out to 2050 and beyond.