Tuesday, June 4, 2013

The Daily Stat: East Coast Hybrids Help Soften U.S. Gasoline Demand

  Daily Stat - Harvard Business Review

June 04, 2013

East Coast Hybrids Help Soften U.S. Demand for Fuel


Gasoline demand has been modest in America this spring, mainly because of East Coast drivers' purchases and habits; while demand is flat in the South and West, it has fallen 10% below its 2007 peak in the East, says the Wall Street Journal. Hybrids constituted 4.3% of new vehicle registrations in five Eastern cities in the first quarter of 2013; elsewhere, the figure was 3.8%. Meanwhile, half-ton pickups made up 9.7% of vehicle sales in the rest of the country but just 3.7% in those Eastern cities. The number of miles driven has also dropped more steeply in the East than in the nation as a whole.

SOURCE: East Coasters Drive Down Gasoline Demand


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