Remove Gasoline Remove Industry Remove Light Remove Oil Prices
article thumbnail

IHS Markit: US gasoline demand could be cut almost in half due to COVID-19

Green Car Congress

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.

Gasoline 269
article thumbnail

IHS Automotive forecasts 88.6M unit global light vehicle market in 2015; 2.4% growth

Green Car Congress

in 2014 as a result of industrial overcapacity and weakness in the real estate sector. However, IHS Automotive analysts still expect light vehicle sales in China to grow by 7% in 2015 to 25.2 —Lin Huaibin, manager, China light vehicle sales forecast, IHS Automotive. North America. from last year. million units.

2015 150
article thumbnail

EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

Green Car Congress

Energy consumption by light-duty vehicles in the United States, AEO2013 and AEO2014, 1995-2040 (quadrillion Btu). The fuel economy of gasoline-powered LDVs continues to increase, and advanced technology fuel efficiency subsystems are added, such as micro hybridization, which is installed on 42% of gasoline LDVs in 2040.

Oil 290
article thumbnail

Deutsche Bank Forecast sees slower transportation electrification and greater gasoline demand near-term; increased confidence in the pace and breadth of long-term shift to efficient transportation systems

Green Car Congress

” Their analysis is in the context of the “ surprising [oil] demand strength of 2010 “; 2010 saw absolute incremental demand at around 2.2mb/d of growth—the second highest in 30 years, despite oil prices in the $90/bbl region. gallon gasoline. By mid-2Q, the team had increased its estimate to 25%.

article thumbnail

IEA forecasts global oil demand to reach 101.6 mb/d in 2023; non-OECD countries lead expansion

Green Car Congress

While diesel cracks eased month-on-month in May, both jet fuel and gasoline cracks surged as demand picked up seasonally. Following nearly two years of declines, observed global oil inventories increased by 77 mb in April. OECD industry stocks also rose, by 42.5 At 2,669 mb, OECD industry stocks were nevertheless 290.3

Oil 210
article thumbnail

EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

Green Car Congress

The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 The rapidly industrializing economies of China and India fueled much of Asia’s demand increase, growing 2.8 Year-on-year changes in petroleum consumption by region. million bbl/d.

article thumbnail

Global biofuels production up 17% in 2010 to hit all-time high of 105 billion liters

Green Car Congress

High oil prices, a global economic rebound, and new laws and mandates in Argentina, Brazil, Canada, China, and the United States, among other countries, are all factors behind the surge in production, according to research conducted by the Worldwatch Institute’s Climate and Energy Program for the website Vital Signs Online.

2010 256