Quote:
Originally Posted by rj1
The price of a gallon of gasoline has tripled in eight years, has gasoline usage gone down any in that timeframe? I don't use oil or its resultant products cause I want to, it's cause I have to.
|
Petroleum usage is forecasted to decline this year, partly due to prices, and partly due to the economic slowdown. If prices continue to rise, I wouldn't be surprised if usage levels off as people over time shift to cars that get better mileage and if coal becomes more popular due to getting relatively cheaper and not being held hostage to it's location.