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Report suggests low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwide

Green Car Congress

Low-speed electric vehicles (LSEVs) could reduce China’s demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University’s Baker Institute for Public Policy. “

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EV Pricing Could Go The Way Of Gasoline Pricing. In Other News, Sky is Blue

The Truth About Cars

Many so-called “analysts” in this industry more than live up to the first four letters in their name, either crying foul over something obvious or failing to recognize the trainwreck of a situation until it’s far too late. Prices at the pump took off just in time for the long weekend? The latest?

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2020 Thanksgiving week gasoline consumption in US lowest since 1997

Green Car Congress

Gasoline sales fell 8.4% (nearly 185 million less gallons) from the previous week for the seven-day period ending 28 November, bringing consumption to the lowest level for a Thanksgiving Week in 23 years, going back to 1997. Northeastern gasoline sales dropped 10.1% —Tom Kloza, executive director, IHS Markit.

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

Green Car Congress

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). EIA also published its annual Summer Electricity Industry Outlook , which forecasts that continued US economic growth will increase electricity use by 0.4%

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EIA: Energy prices rose more than other commodities in 2021; up 59% over the year

Green Car Congress

Energy prices used in the S&P Goldman Sachs Commodity Index (GSCI) ended 2021 59% higher than the first trading day of the year, according to the US Energy Information Administration (EIA). Price increases were largely driven by increased demand from the initial phase of global economic recovery from the COVID-19 pandemic.

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Nacero transitioning unbuilt facility from low-carbon gasoline to SAF and LCAF; TOPSOE MTJet

Green Car Congress

Nacero will transition its current pre-construction, multi-billion USD facility in Penwell, Texas—designed to produce low carbon gasoline—to the production of sustainable aviation fuel (SAF) and lower carbon aviation fuel (LCAF). TIGAS efficiently produces high-value gasoline from natural gas, shale gas, or associated gas.

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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.

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