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Gas exodus

from CSP Magazine

Let's do a back-of-the-napkin calculation. Gasoline consumption peaked in 2007. It's estimated to bottom out in 2035. By that time, the United States could consume about 2 million fewer barrels per day (BPD), or 84 million fewer gallons per day, according to the Energy Information Administration (EIA). The government agency predicts that gasoline demand will plummet 24 percent from 2012 to 2040. What is causing this plunge in projected forecourt demand? more


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