Even as electric vehicles gain in popularity, we're told again and again that internal combustion engines aren't going away. While that may be true, it would still be nice to kick our addiction to gasoline. Pollution, international turmoil and energy insecurity are getting a bit tiresome. It's good news, then that Navigant Research is predicting a decline in the amount of gasoline we use.
124,000 barrels of oil a day sure sounds like a lot, doesn't it?
The American Petroleum Institute reports that U.S. petroleum deliveries (a measure of overall demand) rose by 1.2 percent in December 2010, compared to the same month last year. Additionally, deliveries shot up by 2.3 percent for all of 2010, compared to 2009. Likewise, gasoline and diesel demand continue to rise, with gas deliveries up by 0.6 percent for the year and diesel climbing by 4.8 percent.
More than two years ago, the price of oil soared to over $100 dollars a barrel. Today, it's not nearly that high, but at a price of $88.21 in the U.S., oil is slowly creeping up, thanks in part to soaring fuel consumption that's linked to a rebounding economy.
According to the American Petroleum Institute's (API) Monthly Statistical Report, U.S. gasoline deliveries for the first half of 2010 averaged 8.88 million barrels per day, 0.6 percent lower than the corresponding period a year ago. Though the drop in demand is minuscule, it does provide us with an indication that despite low gas prices and a rebounding economy, U.S. demand for gas continues to wane.
Gasoline consumption across the U.S. has steadily declined during the last decade. Analysts have chalked up the drop in gas usage over the last ten years to the rise in more efficient technologies, better public transportation, the stalled economy and steadily increasing gas prices.
There's a good chance anyone reading this is in the minority. At least, a minority according to a new study by Harris Interactive, which says that most Americans are not willing to pay extra money for clean vehicle technology. The only "winners" in the study, such as they are, are the cheaper, easy-to-add eco boosters like start-stop technology and "eco drive assistants" (i.e., lights on the dashboard that help drivers save fuel). These are the technologies that Harris found Americans are most w
USA Today reports gas use last month was 0.6% less than a year ago. For the gasoline consumption to go down by a small amount could have a significant impact. Generally, the US consumption increases by about 1.5% annually. If the downward trend continues further, or if we at least can maintain the reduction in gas use, an impact could be seen on gas prices. It seems some of us are changing our habits, and maybe we can all convince more people to do the same.