Future of Fuels 2014: An Analysis of Government Projections Through 2040

For this report, NACS (The Association for Convenience & Fuel Retailing) analyzed data available from the U.S. Energy Information Administration's (EIA's) Annual Energy Outlook 2014 to identify future trends in the U.S. retail fuels sector. Trends identified include: Vehicle miles traveled by light duty vehicles (LDV) are projected to increase by 29% by 2040 while the amount of energy for a LDV to travel one mile is projected to decline by 42%. The greatest share of the LDV market will be captured by hybrid vehicles. Increased efficiency from vehicles powered by gasoline, natural gas and propane will reduce energy consumption. Liquid fuels will remain the dominant fuel and electricity will experience the strongest growth in the non-liquid market. Gasoline consumed will decline, diesel fuel will increase, E85 will increase, and biofuels will increase. By 2040, E85 is projected to be the most expensive fuel, on an energy equivalent basis, and electricity and natural gas are projected to be the least expensive.

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; Photos; Tables;
  • Pagination: 44p

Subject/Index Terms

Filing Info

  • Accession Number: 01530869
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Apr 8 2014 9:54AM