Despite prognostications otherwise, gasoline demand in the United States and globally continues to grow. Lower gasoline prices combined with net additions to the global fleet of vehicles powered by gasoline mean that despite increases in sales of electric and hybrid vehicles, gasoline demand will likely continue to grow in absolute terms in the near future. U.S. and Chinese Consumers Buying Bigger Cars Low gasoline prices in the United States has not only induced demand growth at the fastest year-over-year rate in 14 years but also the highest increase in auto sales in more than 10 years. U.S. consumers are also electing to buy heavier SUVs so the new fleet mix demands relatively more gasoline than anticipated by analysts in the past. While less robust than predicted prior to the recent Chinese economic slowdown , Chinese auto sales remain the highest volume of all nations. Chinese buyers have also elected […]