Cheaper gasoline prices are spurring significant changes in driving behavior which are in turn propelling a phenomenal increase in motor fuel consumption in the United States. U.S. motorists consumed an estimated 9.4 million barrels of gasoline per day in March, up almost 350,000 bpd compared with the same month in 2015, according to the Energy Information Administration ( tmsnrt.rs/1Phm3d5 ). Gasoline consumption is predicted to average 9.33 million bpd per day for the year as a whole, an increase of 170,000 bpd on 2015, which already saw a rise of 240,000 bpd compared with 2014. The EIA has repeatedly increased its forecasts for gasoline consumption this year in the face of unexpectedly strong demand data (“Short-Term Energy Outlook”, EIA, June 2016). Further revisions upward revisions are possible. Much of the increase in gasoline consumption is linked to the rise in household incomes and increase in employment as well as […]