Friday, May 19, 2017

Fuel efficiency causes dip in demand for gasoline

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US gasoline demand has been weaker than expected this year, but a growing economy and relatively cheap pump prices have the energy industry expecting record demand again this summer driving season, which should help drain the global oil glut. Gasoline demand in the first two months of 2017 was down 2.1 percent from a year ago, according to the US Energy Information Administration. The US gasoline market accounts for roughly 10 percent of global oil consumption, so American motorists have outsiz

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Fuel efficiency causes dip in demand for gasoline originally appeared on Autoblog on Fri, 19 May 2017 09:30:00 EDT. Please see our terms for use of feeds.

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