U.S. Gasoline Demand At All-Time High

Given all the media hype about peak oil demand — which is
supposed to come about largely as a result of the explosive growth
of electric vehicles (EVs) — you might be forgiven for missing the
news that U.S. gasoline demand just hit a new all-time high. This
new demand record comes despite EV sales that tripled in the U.S.
from 2012 to 2016. My news feed tends to be dominated by headlines
like Goldman Sachs warns of peak oil demand by 2020 (even
though that headline doesn’t accurately reflect what the article
said). But…

Given all the media hype about peak oil demand — which is
supposed to come about largely as a result of the explosive growth
of electric vehicles (EVs) — you might be forgiven for missing the
news that U.S. gasoline demand just hit a new all-time high. This
new demand record comes despite EV sales that tripled in the U.S.
from 2012 to 2016. My news feed tends to be dominated by headlines
like Goldman Sachs warns of peak oil demand by 2020 (even
though that headline doesn’t accurately reflect what the article
said). But…