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- 08 Jan
Fuels consumption to remain flat over the next two years
Today the US Energy Information Administration released their Short-Term Energy Outlook, and in the report they project US gasoline consumption to remain flat over the next two years.
In the report, the US EIA explains that while there will continue to be growth in the driving-age population and in highway travel, improvements in the average fuel economy of new vehicles and the retirement of older less fuel-efficient vehicles will net out a consumption value that is essentially unchanged through 2014.
From a gas pricing strategy perspective this would be welcome relief because US gasoline consumption has been on a steady decline since 2009. If the US EIA projections prove to be accurate, at least the size of the overall fuels volume pie will remain steady over the next two years.
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