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REPORT Peak Gasoline! Demand in U.S. Is In Decline As Climate Policies Take Hold

22 Jan 2023 | Abstracted from Autoblog

"Gasoline demand in the U.S. has peaked, with a surprise slowdown last year signaling that consumption is unlikely to ever again return to pre-Covid levels.

"In the longer term, falling gasoline demand will eventually mean tamer prices and lower emissions, which is obviously good news for the environment...

"Oil refiners have already reduced their production capacity by more than 1 million barrels a day, equal to about 5% of the U.S. total."



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