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BNEF: Oil price plunge to have only moderate impact on low-carbon electricity development, but likely to slow EV growth

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The collapse in world oil prices in the second half of 2014 will have only a moderate impact on the fast-developing low-carbon transition in the world electricity system, according to research firm Bloomberg New Energy Finance. However, the slump in the Brent crude price per barrel from $112.36 on 30 June to $61.60

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Study estimates fuel economy improvements to US light-duty vehicles from 1975–2018 saved 2T gallons of fuel, 17B tons of CO2

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Second, they estimated fuel savings using the FHWA data on vehicle miles, fuel use and miles per gallon (mpg). gasoline demand would have put upward pressure on world oil prices. Two indirect effects were considered. First, had fuel economy not improved, the higher level of U.S.

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Machine learning PODA model projects the impact of COVID-19 on US motor gasoline demand

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More specifically, reliably projecting the oil demand, a critical leading indicator of the state of the US economy, is beneficial to related business activities and investment decisions. However, few studies have quantified and forecast the oil demands under multiple pandemic scenarios, and this research is desperately needed.

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EIA: Permian region expected to drive US crude oil production growth through 2019

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The US Energy Information Administration (EIA) August Short-Term Energy Outlook (STEO) forecasts that US crude oil production will average 10.7 This national increase is almost entirely driven by tight oil. Lower wellhead prices in the region are contributing to slower growth in Permian crude oil production in 2019 compared with 2018.

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US Vehicle Miles Traveled Increased 2% in June Year-on-Year

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billion vehicle miles) resulting in estimated travel for the month at 256.7 billion vehicle-miles, according to the US Federal Highway Administration. billion vehicle miles) in 2009, year-on-year. US traffic volumes started declining in November 2007 as oil prices rose and experienced dramatic drops in 2008.

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EIA: light duty vehicle energy consumption to drop 25% by 2040; increased oil production, vehicle efficiency reduce US oil and liquid imports

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As a result, annual increases in vehicle miles traveled (VMT) in LDVs average 0.9% Personal air travel (billion seat-miles) grows by an average of 0.7% Domestic crude oil production increases sharply in the AEO2014 Reference case, with annual growth averaging 0.8 With domestic crude oil production rising to 9.5

Oil 290
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IEA World Energy Outlook view on the transport sector to 2035; passenger car fleet doubling to almost 1.7B units, driving oil demand up to 99 mb/d; reconfirming the end of cheap oil

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Change in primary oil demand by sector and region in the central New Policies Scenario, 2010-2035. Under the WEO 2011 central scenario, oil demand rises from 87 million barrels per day (mb/d) in 2010 to 99 mb/d in 2035, with all the net growth coming from the transport sector in emerging economies. Click to enlarge. billion in 2035.

Oil 247