Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

US demand for refined petro products to fall 0.9% annually to 2025 » Kallanish Energy News

researchsnappy by researchsnappy
December 19, 2019
in Healthcare Research
0
400
SHARES
2.4k
VIEWS
Share on FacebookShare on Twitter

U.S. demand for refined petroleum products is forecast to decline 0.9% by volume annually through 2024, according to Refined Petroleum Products: United States, a new report from Freedonia Focus Reports.

Decreases will largely reflect the increasing fuel efficiency of U.S. motor vehicles, Kallanish Energy understands. Distillate fuel’s share of total demand is expected to rise, due to most efficiency gains affecting gasoline-powered light vehicles rather than diesel-powered medium- and heavy-duty trucks.

Expanding use of public transport, alongside increasing use of hybrid and electric vehicles, is also expected to weigh on demand, according to Freedonia. Modest advances in the number of motor vehicles in use, as well as growing exports, will prevent faster declines.

U.S. output of refined petroleum products is projected to decrease 0.6% per annum in volume terms through 2024. Losses will be attributed to domestic constraints, as U.S. consumption levels of gasoline, the dominant demand segment, are forecast to decline.

However, increasing domestic crude oil production from shale over the forecast period will benefit U.S. petroleum refiners as U.S. exports of gasoline, petroleum coke, and jet fuel tap into advances in global demand, according to Freedonia.

Previous Post

Tackling the Tree Debate | WTAJ

Next Post

Seoul Robotics Secures $5M Funding for Product and North American Market Expansion

Next Post
Seoul Robotics Secures $5M Funding for Product and North American Market Expansion

Seoul Robotics Secures $5M Funding for Product and North American Market Expansion

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News
  • Top Company News

Top 10 Market Research Companies in the world

3 Best Market Research Certifications in High Demand

The Latest Market Research Trends Shaping 2024

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2024 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2024 researchsnappy.com