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April 2008 Short-Term Energy Outlook Supplement    
 

Motor Gasoline Consumption 2008

A Historical Perspective and Short-Term Projections

 

Highlights

  • Income growth rates have less of an impact on recent trends in gasoline consumption than in the past, but short-run effects are still significant.
  • High gasoline prices are once again motivating drivers to conserve by driving less and purchasing more fuel-efficient transportation.
  • The increasing share of lower-Btu-content ethanol has contributed to a growing divergence between volume-based and energy-content-based measures of trends in gasoline consumption. 
  • Consumer sensitivity to gasoline price changes increases during periods when retail prices exceed $2.50 per gallon.
  • High gasoline prices and a slowing economy, which have reduced gasoline demand in recent months, are also projected to impact demand during the 2008 summer driving season.

 

Contact:: Michael Morris (Michael.Morris@eia.doe.gov)

 
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