From the
Boston Herald:
Quote:
The United States used more gasoline than ever in 2007 and far more than any other country. It seemed as if America’s growing appetite for gas would go on forever. Well, it won’t — and things may never be the same.
Gasoline consumption has been down the last two years, in part because of the recession. Even when the economy picks up, three underlying trends mean the United States might never use as much gas again:
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And the reasons they give are:
- tougher government mandated fuel economy rules (CAFE)
- saturated auto market (limited future growth)
- increasing alt fuel options entering the market
I find it a bit difficult to believe that things won't peak again once the economy recovers. I think people generally have short memories.
But the CEO of Mobil disagrees & states he believes gasoline demand is on the decline.
Full article:
America’s hunger for gasoline falls and is unlikely to return - BostonHerald.com