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- 11 Dec
US EIA predicts motor fuel demand flat next year
In their Short-Term Energy Outlook released today, the US Energy Information Administration reported that fuel demand in 2012 will be .3% lower than 2011. The agency also projected in the report that 2013 fuel demand will be unchanged from 2012.
In 2012, the .2% projected increase in highway travel was offset by the .5% increase in fleet-wide fuel efficiency, thus the net of a .3% decrease in fuel demand.
In 2013, the US EIA predicts that despite higher assumed growth in U.S. real disposable income and a projected decline in gasoline retail prices of 5.5 percent, forecast motor gasoline consumption will remain almost unchanged from 2012 because of continued slow growth in the driving-age population, improvements in the average fuel economy of new vehicles, and increased rates of retirement of older, less-fuel-efficient vehicles.
From a fuel price management perspective, if these projections prove to be accurate, retail fuel analysts will need to enlist the best fuel price optimization software available to win their share of the fuel volume pie.
The full report may be found here.
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