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EIA: Crude oil demand returns faster than supply, increasing prices and reducing inventories

Green Car Congress

The price of US benchmark West Texas Intermediate (WTI) crude oil is near its highest level since 2014, increasing rapidly from low prices in mid-2020 as demand returns faster than supply, according to the US Energy Information Administration (EIA). US crude oil inventories were 440.3 million barrels by the end of June 2020.

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CapGemini: 87% of global consumers prefer personal vehicle to ensure safe travel, up from 57% in April 2020

Green Car Congress

This reflects a continuous shift in consumer preference towards personal mobility, fueled by the COVID-19 pandemic, as car ownership today is seen as a safeguard against the risk and spread of infection. Meanwhile, 78% of consumers will opt for using their personal vehicles over taking public transport.

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Recent changes in the price of gasoline and in the amount of driving

Green Car Congress

One possible consequence of the recent jump in the price of gasoline in the United States might be a reduction in driving. The main such variables are currently the course of the pandemic, and our complex personal and societal reactions to it (e.g., Price of gasoline. by Michael Sivak, Sivak Applied Research. Amount of driving.

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Fisker and Foxconn confirm Fisker PEAR production in Ohio; expected base price below $29,900

Green Car Congress

Fisker confirmed that it will produce its second vehicle, the Fisker PEAR (Personal Electric Automotive Revolution) ( earlier post ), at the factory Foxconn (Hon Hai Precision Industry Co. The Fisker PEAR will have an expected base price below $29,900 before incentives. recently acquired in Ohio from Lordstown Motors ( earlier post ).

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2021 BMW 330e and 330e xDrive PHEV sedans priced in US starting at $44,550 and $46,550

Green Car Congress

BMW Intelligent Personal Assistant. Available in the BMW 330e models is the BMW Intelligent Personal Assistant, an intelligent, digital character that responds to the prompt “Hey BMW”. The range of functions and skills available will be constantly expanded as part of regular updates.

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Is Personal Energy Independence A Better Selling Point?

CleanTechnica EVs

Then, as more copies are made, prices start to fall. Then, as adoption goes mainstream and then into a majority, prices become so low. continued] The post Is Personal Energy Independence A Better Selling Point? When it comes to selling clean technology, each kind of technology goes through several phases.

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

Green Car Congress

In this work, we develop a model that combines personal mobility with motor gasoline demand and uses a neural network to correlate personal mobility with the evolution of the COVID-19 pandemic, government policies and demographic information.

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