RSS
April 09, 2008 | Jim Lane | Comments 0

Energy Information Administration says US gasoline demand is dropping in response to price hikes

The Energy Information Administration said that U.S. gasoline demand is dropping, and will decline up to 3.5 million gallons per day this summer, compared to 2007accoridng to EIA Administrator Guy Caruso. “Personal disposable income in the period rose by an estimated 0.3%, while gasoline prices rose 31.8% from a year earlier, to average $3.11 a gallon,” said the EIA report. “For the foreseeable future, demographic shifts, the impact of high prices on vehicle efficiency, and the more recent shifts characterized by reduced impact of income on vehicle miles traveled are likely to keep growth in gasoline consumption well below that seen for much of the post-war period,” the report concluded.


What do you think? What do you think this story means for bioenergy? Leave a comment below and get the community engaged on what you see as the real issues - others will be glad you did!


Free Subscription to the Daily Biofuels Digest e-newsletter


bdnl091008Subscribe FREE to the world's most-widely read biofuels daily. Enter your email in the box below,
or click here to subscribe:

Related Stories


  • Energy Information Administration projects $50 oil throughout 2009
  • The Energy Information Administration said that it expects oil prices to average $50 per barrel throughout 2009. The EIA released its "Short Term Energy Outlook" this week, which can be downloaded her...
  • Gasoline, ethanol prices begin to fall
  • Gasoline prices began dropping across the country this month as post-Labor Day drops in demand begin to be felt. The drop in Michigan was 14 cents per gallon from highs recorded over Labor Day weekend...
  • USDA chief economist says 15 percent of US ethanol capacity may be idle, as Energy Informaion Administration cuts outlook for oil demand
  • In Washington, USDA chief economist Joseph Glauber told the USDA Agricultural Outlook Forum that 15 percent of ethanol production capacity is believed to be idle, due to falling gasoline prices. Meanw...
  • Energy Information Administration releases September ethanol production: US production now exceeding US demand by 24 million gallons per month
  • In Washington, the Energy Information Administration released the monthly ethanol production figures for September. For the month, production grew to 556 million gallons while demand fell 54.2 mill...
  • US Fire Administration, fire chiefs release ethanol fire training CD
  • The U.S. Fire Administration has released a CD-ROM for firefighting teams around the country to provide information on containing ethanol fires. Numerous reports have appeared in the past year of fire...
  • US gas prices fall from Labor Day highs; demand up 8.3%, price up 11.6% year-over-year
  • US Gasoline prices fell this week in the traditional post-Labor Day slump, but demand is up over the comparable period a week ago. MasterCard SpendingPulse reported that demand in the week ending Sep...

    Hot Topics


    The Hottest 50 Companies in Bioenergy
    Latest algae-to-energy news
    Latest jatropha news
    Latest Waste-to-energy news

    Entry Information

    Filed Under: Consumers & Fleets

    RSSPost a Comment  |  Trackback URL

    You must be logged in to post a comment.