January 10, 201412 yr Over 66,000 thousand gallons per day in June 2004. Barely over 24,000 thousand gallons per day in June of 2013 - and dropping since then. Recovery? U.S. Total Gasoline Retail Sales by Refiners (Thousand Gallons per Day)
January 10, 201412 yr Over 66,000 thousand gallons per day in June 2004. Barely over 24,000 thousand gallons per day in June of 2013 - and dropping since then. Recovery? U.S. Total Gasoline Retail Sales by Refiners (Thousand Gallons per Day) Not surprised at all.
January 10, 201412 yr I know you guys will never give the government any due, but I'd say that it is a result of two pretty sucessful government initiatives to lower fuel consumption. There may be some hangover left lowering demand but it has much more to do with more fuel efficient vehicles and American car buying and driving habits. Fuel Economy Basics | Union of Concerned Scientists Phase I of the National Program: Model Year 2012–2016 The first phase of the National Program was finalized in April 2010 after a 12-month regulatory process. The 2012–2016 standards were supported by automakers, state regulators, the United Auto Workers (UAW), environmental organizations and other stakeholders. Overall, phase I of the National Program represents a 23 percent improvement in new vehicle pollution standards, an average annual improvement of nearly 5 percent. The EPA established global warming pollution standards of 250 grams per mile, on average, for model year (MY) 2016 vehicles. NHTSA set fuel efficiency standards which target a new vehicle average of 34.1 miles per gallon in MY2016. These two standards reflect a harmonized level of stringency. CARB agreed to accept compliance with the National Program as compliance with its standards even though the federal standards are weaker until 2016. Car Allowance Rebate System - Wikipedia, the free encyclopedia The Department of Transportation also reported that the average fuel efficiency of trade-ins was 15.8 mpg (miles per gallon), compared to 24.9 mpg for the new cars purchased to replace them, translating to a 58% fuel efficiency improvement.
January 10, 201412 yr Why are prices still up then? Is production down so that prices may remain up? Global demand. With both crude and refined oil shipping out all over the world, high demand in Asia is keeping prices high.
January 10, 201412 yr Global demand. With both crude and refined oil shipping out all over the world, high demand in Asia is keeping prices high. So in other words, while we've typically bought into the line that if we lessened our demand that the price would dip accordingly (and I've said the same myself), in effect what this shows is that we (as in the US consumer) have no ability to do that whatsoever.
January 10, 201412 yr Global demand. With both crude and refined oil shipping out all over the world, high demand in Asia is keeping prices high. Correct, many people forget that gas is not just a US commodity, it is a global commodity. So as US consumption is decreasing, Chinese, Indian and Brazilian consumption is more than making up for the difference. I believe China has already passed up the US as the world's largest oil consumer. Due to its population and its growing economy, I would guess, India is due to pass us up to. While not surprised to see US consumption down, I was surprised to see it down THAT much.
January 10, 201412 yr Barely over 24,000 thousand gallons per day in June of 2013 - and dropping since then. Recovery? It would appear that daily gasoline usage is not a very good economic indicator. Look at the early 90's depression time frame versus the mid/late 90's economic boom. Very small difference and I would bet the late mid/late 90's love affair with SUV's had more to do with that than the economy.
January 10, 201412 yr So in other words, while we've typically bought into the line that if we lessened our demand that the price would dip accordingly (and I've said the same myself), in effect what this shows is that we (as in the US consumer) have no ability to do that whatsoever. Right. It all balances out. If we use less, they're just going to sell the stuff in places that still have high demand. Given the nature of the modern economy on a commodity as easy to move to any place on the planet as oil, demand has to be measured on a worldwide level.
January 10, 201412 yr I know you guys will never give the government any due, but I'd say that it is a result of two pretty sucessful government initiatives to lower fuel consumption. There may be some hangover left lowering demand but it has much more to do with more fuel efficient vehicles and American car buying and driving habits. Fuel Economy Basics | Union of Concerned Scientists Phase I of the National Program: Model Year 2012–2016 The first phase of the National Program was finalized in April 2010 after a 12-month regulatory process. The 2012–2016 standards were supported by automakers, state regulators, the United Auto Workers (UAW), environmental organizations and other stakeholders. Overall, phase I of the National Program represents a 23 percent improvement in new vehicle pollution standards, an average annual improvement of nearly 5 percent. The EPA established global warming pollution standards of 250 grams per mile, on average, for model year (MY) 2016 vehicles. NHTSA set fuel efficiency standards which target a new vehicle average of 34.1 miles per gallon in MY2016. These two standards reflect a harmonized level of stringency. CARB agreed to accept compliance with the National Program as compliance with its standards even though the federal standards are weaker until 2016. Car Allowance Rebate System - Wikipedia, the free encyclopedia The Department of Transportation also reported that the average fuel efficiency of trade-ins was 15.8 mpg (miles per gallon), compared to 24.9 mpg for the new cars purchased to replace them, translating to a 58% fuel efficiency improvement. Global warming? What's that?
January 10, 201412 yr So why did prices at the pump jump again today. Growing tired of the 25 cent raises at a time. Last one just happened to be around Christmas/New Years and I guess this one is because of the 2 day cold snap. This is not supply and demand, this is GREED at its finest.
January 10, 201412 yr Global warming? What's that? I don't know, I guess some tree hugger made up agenda. I did however find this link which was interesting...:sarcastic: Climate Change: Consensus
January 10, 201412 yr I don't know, I guess some tree hugger made up agenda. I did however find this link which was interesting...:sarcastic: Climate Change: Consensus Make up your mind........which is it? Global warming or climate change? 30 plus years ago, the same movement was screaming "global cooling" to anyone that would listen. The climate crowd likes to move the goal post on this stuff. Global warming and climate change have become terms of convenience, depending on the current weather. Edited January 10, 201412 yr by FarBeyondDriven
January 10, 201412 yr Many of these arguments are exactly why the Keystone Pipeline supporters who argued it would help bring prices down and make the US "independent" were wrong.
January 10, 201412 yr Many of these arguments are exactly why the Keystone Pipeline supporters who argued it would help bring prices down and make the US "independent" were wrong. No, but it will make a few people very rich when they put that oil on tankers and go sell it in places where they can make a lot more money.
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