It’s November 2017, and we’ve passed Peak Consumption

     

“Doublethink lies at the very heart of Ingsoc, since the essential act of the Party is to use conscious deception while retaining the firmness of purpose that goes with complete honesty.”

George Orwell, from “1984”

 

 

 

April 4, 2017 – U.S. gasoline consumption flattens as fuel economy improves: Kemp

September 26, 2016 – EPA’s gas mileage ratings drop for some 2017 models – USA Today

 

 

 

February 24, 2014 – Per capita VMT drops for ninth straight year; unlike other past dips in driving, this recent downward shift has had no clear, lasting connection to economic trends or gas prices.

February 22, 2016 – Americans Are Driving More Than Ever – Scientific American

April 24, 2017 – The oil market has one big problem: People aren’t buying enough gas

July 8, 2017 – BofA Stunned By Drop In Gasoline Demand: “Where Is Driving Season?”

 

 

 

 

 

 

February 2, 2013 – Why has US Oil Consumption Steadily Fallen since 2004? | OilPrice.com

 

July 10, 2015 – The surprising decline in US petroleum consumption

 

March 28, 2016 – Electric vehicles will deflate oil demand – EnergyPost.eu

 

June 22, 2017 – Crude Oil Price Drop Should Be A Temporary Dip – crude oil prices hit seventh-month low at $42.49. Regardless, consumption has been constantly increasing, year over year.

 

April 5, 2012 – Transportation and the New Generation | U.S. PIRG

The trend away from driving has been led by young people. From 2001 and 2009, the average annual number of vehicle-miles traveled by young people (16 to 34-year-olds) decreased from 10,300 miles to 7,900 miles per capita – a drop of 23 percent.

 

February 2, 2013 – Why has US Oil Consumption Steadily Fallen since 2004? | OilPrice.com

 

February 24, 2014 – Per capita VMT drops for ninth straight year; DOTs taking notice SSTI

Unlike other past dips in driving, this recent downward shift has had no clear, lasting connection to economic trends or gas prices.

 

April 17, 2014 – Why Are U.S. Oil Imports Falling? | Time

 

May 4, 2015 – The past year has seen a marked increase in driving in the United States. The number of vehicle-miles traveled (VMT) in the 12 months ending in February 2015 was 2.4 percent higher than in the 12-month period ending in February 2014, representing by far the fastest increase in VMT in a decade.

 

May 29, 2015 – Annual per-capita vehicle miles traveled once again climbing
For quite some time – from 2004 on, actually – the number of per-capita vehicle travel miles in America had been falling. Well, that is no longer true.

In 2014, that number rose. According to the State Smart Transportation Initiative (SSTI), the number jumped a modest 0.9 percent over what it was in 2013.

 

July 10, 2015 – The surprising decline in US petroleum consumption

 

February 22, 2016 – Americans Are Driving More Than Ever – Scientific American

 

March 5, 2016 – The Curious Case Of Lower Oil Prices Leading To Higher Gasoline Prices

 

March 28, 2016 – Electric vehicles will deflate oil demand – EnergyPost.eu

 

September 26, 2016 – EPA’s gas mileage ratings drop for some 2017 models – USA Today

 

January 7, 2017 – Has US gasoline demand peaked? – Business Insider

In short, the three-year surge in gasoline consumption between 2014 and 2016 could be fleeting.

 

February 20, 2017 – VMT Hits Nominal High, Approaches All-Time Per Capita Mark – The …

 

March 27, 2017 – Study Shows Decline In U.S. Car Ownership Per Person And Household

 

April 4, 2017 – U.S. gasoline consumption flattens as fuel economy improves: Kemp

 

April 24, 2017 – The oil market has one big problem: People aren’t buying enough gas

 

May 8, 2017 – VMT growth continued, slowed in 2016 SSTI
VMT per capita—which adjusts for population growth—grew by 2.1 percent in 2016 to 9,960

 

June 22, 2017 – Crude Oil Price Drop Should Be A Temporary Dip | Seeking Alpha

WTI crude oil prices hit seventh-month low at $42.49. Regardless, consumption has been constantly increasing, year over year.

 

July 8, 2017 – BofA Stunned By Drop In Gasoline Demand: “Where Is Driving Season?

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