A new report from the Fuels Institute discusses the reasons for changes in demand.
It might seem to go against logic, but the major decrease in fuel prices isn’t necessarily translating into more diesel being purchased in the U.S. The reasons for this are detailed in a report commissioned by the National Association of Truck Stop Operators (NATSO) and published by the Fuels Institute back in September.
What the report found is that a combination of more fuel-efficient vehicles and the growth in the use of natural gas are affecting the amount of diesel being consumed in the U.S. This is in spite of the increase in diesel-powered light-duty vehicles.
However, that drop in domestic demand is being offset by an increase in demand globally for diesel, mostly from emerging economies. In fact, the expectation is that demand will increase by 6 million barrel a day from 2013 to 2030. At the same time, the expectation is that demand for diesel fuel in the U.S. for heavy-duty trucks will decrease in the same time period, from 2.6 million barrels a day to 1.8 million barrels a day.
Read the full report here.