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MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

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In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050). Paltsev, M. Babiker, J.M. 2012.09.001.

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EIA forecast of 2014 US gasoline use has risen 2 billion gallons (1.6%) in past 10 months

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The US Energy Information Administration’s (EIA) short-term forecasts of US gasoline consumption, which cover the current and upcoming calendar year, have risen 1.6% The latest Short-Term Energy Outlook (STEO) expects 2014 gasoline consumption to be 8.82 over the past year. million barrels per day (135.2 billion gallons).

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UC Irvine analysis finds renewable hydrogen sector could reach price parity with conventional fuel by mid- to late 2020s

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The study concludes that, with appropriate policy support, the renewable hydrogen sector can reach self-sustainability (price point at parity with conventional fuel on a fuel-economy adjusted basis) by the mid- to late-2020s. per kilogram by 2025. Publication Number: CEC-600-2020-002.

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Global Fuel Economy Initiative launches second 3-year campaign; ICCT joins partnership

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The Global Fuel Economy Initiative ( GFEI ) ( earlier post ) launched its second three-year effort to improve vehicle fuel economy around the world at the International Transport Forum in Leipzig. litres of gasoline equivalent per 100km. —“Global Fuel Economy Initiative Plan of Action 2012-2015.

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EIA: US household gasoline expenditures in 2015 tracking to be lowest in 11 years

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The average US household will spend about $550 less on gasoline in 2015 compared with 2014, as annual motor fuel expenditures are on track to fall to their lowest level in 11 years, according to projections by the US Energy Information Administration (EIA). Gasoline prices are forecast to go even lower in 2015.

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ExxonMobil: diesel will surpass gasoline as the number one global transportation fuel by 2020

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Diesel will surpass gasoline as the number one transportation fuel worldwide by 2020 and continue to increase its share through 2040, according to ExxonMobil’s recently published Outlook For Energy: A View To 2040. Diesel demand accounts for 70% of the growth in demand for all transportation fuels through the forecast period to 2040.

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Honeywell Global Turbo Forecast projects 49M turbocharged vehicle sales, $12B revenue per year by 2019

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The automotive turbocharging industry will generate $12 billion in revenue by equipping 49 million vehicles with turbochargers annually by 2019, according to Honeywell Turbo Technologies’ 2014 Global Turbo Forecast. In addition to improving fuel efficiency, downsized turbocharged engines also reduce harmful exhaust emissions.

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