This Week In Petroleum - Jan. 12, 2012
THIS WEEK IN PETROLEUM REPORT RELEASE – January 12, 2012
U.S. Motor Gasoline Consumption Patterns in the Near Term
After falling steeply from its 2007 peak, U.S. motor gasoline consumption will likely continue to decline in 2012 and 2013, albeit at slower pace, according to the U.S. Energy Information Administration's (EIA) newly released Short-Term Energy Outlook (STEO). There may be more downside than upside uncertainty in the forecast, however, as the strong rate of recovery expected for new car sales in 2012 and their higher fuel efficiencies could lead to greater-than-expected improvements in average fleet fuel efficiency.
Posted: January 13, 2012