A storm of factors, from a decline in demand to more fuel-efficient vehicles, will lead to a long-term decline in U.S. gas demand, according to a recent report from AP.
According to the same source by 2030, America will use just 5.4 million barrels a day, the same as in 1969.
The peak year for U.S. gasoline consumption to date was 2006, when we collectively used 374 million gallons every single day.
Americans are burning an average of 8.2 million barrels — 344 million gallons — of gasoline per day in 2010, a figure that excludes the ethanol blended into gasoline. That’s 8 percent less than at the 2006 peak, according to government data.
Starting with the 2012 model year, cars will have to hit a higher fuel economy target for the first time since 1990. Each carmaker’s fleet must average 30.1 mpg, up from 27.5. By the 2016 model year, that number must rise to 35.5 mpg.
According to the study, even with as many as 27 million more vehicles on the road in 10 years and a resumption of economic growth, gasoline consumption will never again hit that 2006 high.