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America Has Likely Reached Peak Gasoline Consumption

10 Sep 2024 | Abstracted from Autoremarketing

"Americans love using gasoline, and we've historically been in a pattern where we ended up using more of it every year...I would argue that this pattern is broken.

"But gasoline consumption peaked in 2018 at 392 million gallons per day in 2018 according to the U.S. EIA...Given the economic and demographic headwinds, however, they would have to slow to a stop or even reverse in order to get back to 2018 demand levels sometime this decade."



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