What is up with U.S. retail gasoline deliveries?
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Re: What is up with U.S. retail gasoline deliveries?
#2Average vehicle fuel economy hit its all-time high [1], and there's been a massive cut-back in how much people drive [2]. Americans are driving less and when they do drive, they're driving cars that use less fuel per mile.
You can likely credit the fuel economy increase on the federal mandates for higher MPG ratings on new cars, and the cut-back in driving on the high unemployment and stagnant/falling real wages of the employed.
Whatever the cause for the drop in September/October 2011 was, that was only a drop in refinery sales, as gas sales at the pump experienced no such fall [3].
1: http://www.csmonitor.com/Business/2012/0223/Americans-trend-...
2: http://www.brookings.edu/research/reports/2008/12/16-transpo...
Re: What is up with U.S. retail gasoline deliveries?
#3[deleted]
Re: What is up with U.S. retail gasoline deliveries?
#4Average vehicle fuel economy hit its all-time high [1], and there's been a massive cut-back in how much people drive [2]. Americans are driving less and when they do drive, they're driving cars that use less fuel per mile. You can likely credit the fuel economy increase on the federal mandates for higher MPG ratings on new cars, and the cut-back in driving on the high unemployment and stagnant/falling real wages of t…
Alternatively, you can credit both the fuel economy increase and the cut-back in driving on higher gas prices, which can in turn be credited to rising global demand for gasoline.
Re: What is up with U.S. retail gasoline deliveries?
#5There's not much context, but I'm struck by the fact that this appears to have been a (very modest) leading indicator before the Great Recession.
Re: What is up with U.S. retail gasoline deliveries?
#6Average vehicle fuel economy hit its all-time high [1], and there's been a massive cut-back in how much people drive [2]. Americans are driving less and when they do drive, they're driving cars that use less fuel per mile. You can likely credit the fuel economy increase on the federal mandates for higher MPG ratings on new cars, and the cut-back in driving on the high unemployment and stagnant/falling real wages of t…
That would explain the steady decline, but doesn't explain what I think is the real question, the drastic drop starting in October 2011.
Re: What is up with U.S. retail gasoline deliveries?
#7Average vehicle fuel economy hit its all-time high [1], and there's been a massive cut-back in how much people drive [2]. Americans are driving less and when they do drive, they're driving cars that use less fuel per mile. You can likely credit the fuel economy increase on the federal mandates for higher MPG ratings on new cars, and the cut-back in driving on the high unemployment and stagnant/falling real wages of t…
Alternatively, you can credit both the fuel economy increase and the cut-back in driving on higher gas prices, which can in turn be credited to rising global demand for gasoline.
[deleted]
Re: What is up with U.S. retail gasoline deliveries?
#8whats also interesting is that the price of gas hasn't moved much either: http://www.gasbuddy.com/gb_retail_price_chart.aspx?time=24
i guess this is a case where lower demand has kept prices high.
Re: What is up with U.S. retail gasoline deliveries?
#9Average vehicle fuel economy hit its all-time high [1], and there's been a massive cut-back in how much people drive [2]. Americans are driving less and when they do drive, they're driving cars that use less fuel per mile. You can likely credit the fuel economy increase on the federal mandates for higher MPG ratings on new cars, and the cut-back in driving on the high unemployment and stagnant/falling real wages of t…
[deleted]
Re: What is up with U.S. retail gasoline deliveries?
#10Its that 2011 September October decrease thats particularly interesting. I'm trying to think of what happened that would have caused a 25%ish drop in sales.