Why Is Gasoline Consumption Tanking?
Of Two Minds
Charles Hugh Smith
February 10, 2012
… from the U.S. Energy Information Administration: (EIA)
As Joe noted, this data is interesting because it is un-manipulated, that is, it is not “seasonally adjusted” …
Does this reflect higher fuel efficiencies in the U.S. vehicle fleet? To examine fuel efficiency and other macro-trends, I assembled some charts …
… There are no data-supported broad-based drivers for dramatically lower gasoline consumption other than austerity and lower economic activity.
