Peak gasoline demand looms with engine efficiency gains

3 Mar 2017   Peak Oil

Demand for gasoline in the United States, which accounts for a tenth of global oil consumption, is expected to peak next year as engines become more efficient, WoodMackenzie analysts said. Global demand for gasoline, which accounts for more than a quarter of the world’s oil consumption, is set to peak as early as 2021 even in the face of relentless growth in the vehicle fleet, according to the Edinburgh-based consultancy. A rise in the number of hybrid and electric cars such as the Nissan ( 7201.T ) Leaf, Toyota ( 7203.T ) Prius and Tesla ( TSLA.O ) as well as tighter fuel standards in Europe and the United States will contribute to a historic shift in consumption. The United States saw spectacular growth in gasoline demand following the collapse […]

Comments are closed.