Has gasoline consumption peaked?


We know that gasoline consumption has gone down lately due to recessionary pressures, but now some experts believe it will never return to the heady days of 2007. We may look back at that time as the year gasoline consumption peaked in the U.S.

An article from McClatchy news service suggests three reasons:

• New vehicles are more fuel efficient;
• The number of cars on the road has reached a plateau; and
• Alternative fuels are actually having an impact.

Needless to say, this is having an effect on the oil industry. Profits are shifting as refineries are running currently at less than 80% of capacity and most are losing money. This is in contrast to some of the discussions we were having back in 2006 when we were concerned about running out of energy capacity.

Of course there is still much room for growth in other parts of the world. Oil that we don’t use here and more will certainly be soaked up in Asia for some time to come. One step at a time.

No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Make Big Data and Industrial Internet of Things work for you, 2017 Engineers' Choice Finalists, Avoid control design pitfalls, Managing IIoT processes
Engineering Leaders Under 40; System integration improving packaging operation; Process sensing; PID velocity; Cybersecurity and functional safety
Mobile HMI; PID tuning tips; Mechatronics; Intelligent project management; Cybersecurity in Russia; Engineering education; Road to IANA
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Flexible offshore fire protection; Big Data's impact on operations; Bridging the skills gap; Identifying security risks
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
click me