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07.03.26 - 01:27
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US Gasoline Demand Fell Further Amid Long-Term Structural Shift: Plunging Per-Capita Consumption (ZeroHedge)
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US Gasoline Demand Fell Further Amid Long-Term Structural Shift: Plunging Per-Capita Consumption
Authored by Wolf Richter via Wolf Street,
Gasoline consumption in the US, in terms of product supplied to gas stations, declined by about 1% in 2025, to 8.91 million barrels per day, according to EIA data, below where consumption had first been in 2003, even though the US population increased by 52 million people, or by 18%, over the same period.
Compared to the peak in 2018, gasoline consumption in 2025 fell by 4.5%. Compared to the prior peak in 2007, gasoline consumption is down 4.1%.
Gasoline consumption is increased by miles driven – which inched up to a record – and is slowed by the improving efficiency of gasoline-powered vehicles and the growing share of EVs.
The effects of the two Oil Shocks in the 1970s on gasoline consumption was dramatic. High gasoline prices and a recession led to fewer miles driven, but it also unleashed efforts by US automakers to make and sell smaller, more fue...
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