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Gasoline demand… EIA

You are here: Home / Uncategorized / Gasoline demand… EIA

February 24, 2016 by Jim Colburn Leave a Comment

The EIA expects gasoline demand to remain below its 2007 peak despite an increase in miles driven…

“Based on estimates in the most recent Short-Term Energy Outlook (STEO), vehicle travel in the United States in 2015 was almost 4% above its 2007 level, but motor gasoline consumption has not exceeded its previous peak in 2007. Improvements in light-duty vehicle fuel economy are largely responsible for this outcome.
STEO forecasts motor gasoline consumption to average 9.23 million barrels per day (b/d) in both 2016 and 2017, about 0.6% below its 2007 level. In contrast, vehicle travel is expected to grow to levels 5% and 7% above the 2007 level in 2016 and 2017, respectively.”

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Here is the link:  http://www.eia.gov/todayinenergy/detail.cfm?id=25072

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