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Feb 26, 2015 · Most of the nation’s daily crude consumption stems from transportation. If you’re an average driver in an average car, your crude consumption is in the order of 12 barrels per year. However ...
- The Two Great Survivors In Offshore
These two companies have seen their share price take a...
- Bakken Decline Rates Worrying For Drillers
Bottom line is, though the new wells produce more, they...
- The Two Great Survivors In Offshore
- Lower Oil Prices Fueling Demand For Automobiles
- Automobile Substitutes
- The Bottom Line
As gasoline is a petroleum-based product, price changes in crude oil directly affect its price. A decrease in the price of gasoline means automobile owners have more disposable incometo use for other purchases. Owners who may have been trying to stretch out the lifetime of their vehicle may just decide that the extra income they save from lower fue...
While overall automobile sales in the US have increased due to the lower fuel prices, it has been the gas-guzzlers that have been growing more rapidly than their more fuel-efficient substitutes, as one would expect.Lower fuel prices make the difference in the cost of driving a low fuel-economy vehicle versus a high fuel-economy vehicle less signifi...
Based on an understanding of complementary and substitute goods, the American auto industry is exhibiting expected effects from the recent plunge in the price of oil. Lower fuel prices make driving cheaper, consequently making automobile ownership more appealing. The reduced cost of driving also means the difference between the gas-guzzlers and the...
Nov 11, 2012 · On-going tightness in oil supplies has led to high prices for gasoline and diesel, and so the world is turning once again to electricity to power transportation. Of course, many hybrid gas ...
- Kurt Cobb
If you're in the market for a used car, you'll hear a lot of people talk about mileage – meaning the distance a car has driven over its lifetime. In particular, you'll hear over and over that you should avoid buying a ‘high mileage’ car.
Sep 30, 2022 · The price of a barrel of oil has fallen by about 20 per cent in the past month, a situation that would normally result in a comparable decline in the price consumers see when they fill up...
Aug 25, 2021 · These single-grade oils can be used in 1950s and older cars – generally SAE 30 to SAE 50 – but most owners use multi-grade.
People also ask
How does the oil price affect the auto industry?
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Jan 3, 2016 · Burning oil is a common problem, but when it is ignored, it can do major damage to your car’s engine. Common culprits that result in burning oil include worn valve stems, guides and...
