U.S. gasoline demand may have peaked for good

The world's biggest gas-guzzling nation has limits after all. After seven decades of mostly uninterrupted growth, U.S. gasoline demand is at the start of a long-term decline. By 2030, Americans will burn at least 20 percent less gasoline than today, experts say, even as millions of more cars clog the roads. The country's thirst for gasoline is shrinking as cars and trucks become more fuel-efficient, the government mandates the use of more ethanol and people drive less. "A combination of demographic change and policy change means the days of gasoline growing in the U.S. are over," said Daniel Yergin, chairman of IHS Cambridge Energy Research Associates and author of a Pulitzer Prize-winning history of the oil industry. This isn't the first time in U.S. history that gasoline demand has fallen, at least temporarily. Drivers typically cut back during recessions, then hit the road again when the economy picks up. The Great Recession was the chief reason demand fell sharply in 2008.

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

Baja’s Full Cantilever Carports for Optimal Coverage and Performance

Baja's Full Cantilever Carports for Optimal Coverage and Performance

Baja Carports offers an extensive solar support system product line customized to customers' site specifications by in-house engineers, meeting their parking lot coverage, plus optimal PV production needs. Baja's Full Cantilever Tee is often paired with its Semi and Full Cantilever carports to meet live/loads up to 60psf and wind speeds to 160mph. All Baja products are pre-fabricated, bolted connections, pre-galvanized structural steel for fast on-site installation and project aesthetic requirements."