January 2007

Trends and Resources

HP Impact: HPImpact: New research examines US trends in gasoline and vehicle use

Forces that are redrawing the global gasoline and oil market include higher gasoline prices, tightening environmental requirements, changing demographics, growing world oil demand and expanding fuel o..

Weirauch, Wendy, Hydrocarbon Processing Staff

Forces that are redrawing the global gasoline and oil market include higher gasoline prices, tightening environmental requirements, changing demographics, growing world oil demand and expanding fuel options. Americans have been driving further – 40% more than 25 years ago – and using more gasoline in bigger, more powerful cars and other light-duty vehicles. But higher gasoline prices have had a significant impact. "The rate of growth in gasoline demand slowed sharply from its 1.6%/yr pace (1990 – 2004) to 0.3% in 2005, and continued to grow slowly in 2006, at 1%, reports a new study by Cambridge Energy Research Associates (CERA). For the first time in 25 years,

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