• 3 minutes e-car sales collapse
  • 6 minutes America Is Exceptional in Its Political Divide
  • 11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient
  • 2 days GREEN NEW DEAL = BLIZZARD OF LIES
  • 4 days "What’s In Store For Europe In 2023?" By the CIA (aka RFE/RL as a ruse to deceive readers)
  • 2 days Even Shell Agrees with Climate Change!
  • 9 days America should go after China but it should be done in a wise way.
  • 4 days How Far Have We Really Gotten With Alternative Energy
  • 5 days The European Union is exceptional in its political divide. Examples are apparent in Hungary, Slovakia, Sweden, Netherlands, Belarus, Ireland, etc.
  • 4 days World could get rid of Putin and Russia but nobody is bold enough
  • 7 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
EIA Confirms Moderate Crude Build, Products Draw

EIA Confirms Moderate Crude Build, Products Draw

Crude oil prices went lower…

Petrobras Plans Dividend Squeeze To Fund Transition to Renewables

Petrobras Plans Dividend Squeeze To Fund Transition to Renewables

Brazil’s state-owned energy heavyweight Petrobras…

Fuel Consumption has Fallen more than 20% in the UK Due to High Oil Prices

Petrol stations in the UK have noticed the volume of fuel that they sell fall significantly over the past five years as high prices have forced people to buy more fuel efficient cars, and drive less, in order to reduce their fuel bill. Petrol sales have fallen by more than 20% as oil prices have climbed to record highs.

A recent study by the Automobile Association (AA) shows that the total sales of petrol and diesel fuel around the country has fallen from 37.6 billion litres in 2007, to 34.2 billion litres last year. There has also been a shift in the mix of fuel that was sold, with more people preferring diesel cars now. In 2007 22.9 billion litres of petrol were sold compared to just 17.4 billion litres last year, whereas sale of diesel rose from 14.8 billion litres in 2007 to 16.7 billion litres in 2012.

Related article: Gas Mileage Better, But Are Consumers Buying It?

Edmund King, the president of the AA, explained that a “greater take-up of diesel cars and smaller petrol vehicles has contributed to this overall decline in UK fuel sales over the long term. However, soaring pump prices have taken a huge toll on petrol sales more recently – during the 10p-a-litre price surges last March and October, pump sales of petrol fell by up to five per cent.”

This trend to buy more fuel efficient cars in an effort to spend less at the pump is likely to continue as the price of oil looks unlikely to fall anytime soon whilst the world economy is still trying to recover from the 2008 crash.

By. Joao Peixe of Oilprice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News