• 13 hours Saudi Fund Buys Stake in Hollywood Talent Agency
  • 18 hours Putin Is A New Russian Stalin - Victory For The Next 6 Years
  • 4 days Russian hackers targeted American energy grid
  • 4 days Is $71 As Good As It Gets For Oil Bulls This Year?
  • 13 hours G20 Rejects Calls for Cryptocurrency Regulation
  • 9 hours Country With Biggest Oil Reserves Biggest Threat to World Economy
  • 4 hours Self-Driving Cars' First Fatality
  • 10 hours Trump Bans Venezuelan National Cryptocurrency
  • 12 hours Volkswagen To Announce $340 Million Tennessee Investment To Build New SUV For U.S. Market
  • 13 hours Africa Is The New Land Of Opportunity For Investors
  • 9 hours Is Trump Harming Oil Industry?
  • 17 hours Miners against Government: Largest Miners In Congo Quit Chamber Of Commerce Amid Growing Tax Dispute
  • 4 days HAPPY RIG COUNT DAY!!
  • 4 days Spotify to file $1 billion IPO
  • 10 hours Tillerson just sacked ... how will market react?
  • 4 days Oil Boom Will Help Ghana To Be One Of The Fastest Growing¨Economies By 2018!
Gas Exporters Want Oil-Linked Prices

Gas Exporters Want Oil-Linked Prices

Natural gas exporters want to…

Why is Oil Consumption Declining in the US?

I have posted many charts by reader Tim Wallace that highlight declining oil consumption in the US.

Some readers have suggested improved gasoline mileage in cars is the primary reason.

However, that explanation is faulty (as Wallace and I have pointed out on numerous occasions) because mileage rates have steadily climbed over the years while the plunge in oil consumption happened abruptly at the start of the recession and never recovered.

OK, So Why the Drop?

Gail Tverberg on the "Our Finite World" blog explains in her excellent post Why is US Oil Consumption Lower? Better Gasoline Mileage?

Gail analyzes gas prices, miles driven, increased fuel mileage, and a decrease in industrialization. She concludes ...

Click here to read full article.

Join the discussion | Back to homepage

Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News