On the 5 year horizon, we should see a shift to higher fuel economy vehicles and PHEV's, perhaps some conversion of light trucks to CNG, further replacement of heating oil, a reduction in jet fuel and further replacement of gasoline by ethanol(10E to 15E). These changes could account for...
For engine displacement of 1-2 l did not meet the car, where the use of ethanol fuel or more fuel, industrial products tax from 41% to 35.5%; the use of gasoline engine cars, the tax rate will be 43% to 36.5%. In addition, all production did not meet the car, the tax rate was...
I can see the demand destruction, but for now I remain doubtful that it is big enough to cause a lasting decline in the price of gasoline. I would not be surprised if the price starts heading higher again. Crude oil prices have already started heading higher...