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Lundberg Letter Current Issues    
Issue DateTitleSubjectsCAPTION
Mar 16 2017
Pump Price, Demographics Trounced MPG Controls
2016 ANOTHER RECORD HIGH GASOLINE DEMAND
Demand



Gasoline demand jumped 2.2% in 2016 and is now up 5.1% over the past two years. This marks the fourth straight year that gasoline demand increased. Demand per driver edged up last year even though the vehicle fleet became more fuel efficient. How can this be happening?
Mar 07 2017
Trends and Prospects in the U.S. Vehicle Fleet
AGAINST COMMON WISDOM, SUV SALES STILL BOOMING
Vehicle Fleet

Consumption/Supply/Demand

All-time high: There are now 1,800 vehicles for each gasoline station in the country, good news for the downstream petroleum industry. More good: Model year 2016 sales had no increase in miles per gallon consumption vs. 2015, and SUVs/trucks were an all-time high 60.6% of total light vehicle sales last year. Herein we examine weight, horsepower, CAFE regs, other factors shaping the fleet, and bust the myth that high retail gasoline prices historically reduce SUVs/trucks sales.
 

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