ICE vehicles will continue to generate strong aftermarket sales for many years, even if the most robust estimates of EV new vehicle sales materialize.
Posts tagged as “miles traveled”
Consumers may be catching a little break from March’s record-high prices, but don’t expect any dramatic drops.
Gasoline demand is defying seasonal trends and has dipped slightly, perhaps in response to higher prices at the pump.
After cresting above $123 per barrel shortly after Russia’s invasion of Ukraine, the price of crude oil has gradually fallen below $110.
Increasing value of used cars and light trucks are keeping domestic nameplates on the road longer — and increasing their miles-driven.
Today’s national average for a gallon of gas is $3.48, which is 18 cents more than a month ago and 98 cents more than a year ago.
Blustery winter weather and geopolitical tensions are helping to drive the price of oil higher, nearly $30 more than in August.
