This Key Data Points At Strong U.S. Oil Demand
Gasoline prices haven’t gone up high enough in the U.S. to have any real impact on car buyers choosing more fuel-efficient vehicles. A university study reports that fuel economy in new vehicle purchases is staying flat this year. Average fuel economy (window-sticker value) of new vehicles sold in the U.S. was 25.3 mpg in September, according to University of Michigan’s Transportation Research Institute. It was unchanged from August and below the 25.5 mpg peak reached in August 2014. Average fuel economy for September has gone up 5.2…
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