US gasoline consumption will peak by 2023 in the aftermath of the coronavirus pandemic as increased fuel efficiency and electric vehicle sales take hold, but domestic crude oil production will keep rising to a record high of about 13.9 million b/d in 2034 before slowly falling, according to the reference case presented Feb. 3 in the Energy Information Administration’s Annual Energy Outlook. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Overall US energy consumption is not expected to rebound to 2019 levels until 2029 as more people continue to work from home, buildings become more energy efficient, and the electric grid relies increasingly on renewable energy sources, the EIA said. But oil production and […]