Vorpal wrote:Nutsey wrote:Even the great inelastic petrol demand curve is being questioned. Fuel consumption down a whopping 15%
Petrol consumption is down 15% over 2008 figures.
AA wrote:Comparing this year to last, UK petrol retail sales from January to March this year were down 3.7% on the same period last year. Diesel sales on forecourts were up 0.5%.
from
link.
Not quite the same thing. Although diesel sales have dropped 6% since 2008, how much have they gone up over the lest decade with the increase in the number of diesel cars on the road? And how much do they account for the drop in petrol sales? How much do increases in fuel efficiency, or people purchasing smaller cars account for differences?
I'm not saying it's a bad thing, just not quite what the AA paints it to be.
The 15% comes from the data which is split into various fuels, and includes deisel iirc. I think the fall in petrol is 20% from 2007 whilst deisel has remained constant. Depending on what figures and time periods you bundle together, it comes to 10-20%.
15% is broadly accurate enough. Its the reasons behind the drops thats most interesting though. The report is still embargoed, but shows that its due to all sorts of stuff, the main ones being:
- the Felixstowe train being used more for freight, trains being used more for cross country logistics more (eg from southern ports to Scotland etc),
- slower driving, fewer people driving, driving less frequently
- more economical cars being driven,
- people shifting to bikes and public transport
When the report is out, it should have all those coefficients you ask about above.
re deisel over the last decade. Figures here from the source -
https://www.uktradeinfo.com/index.cfm?task=bulloilDeisel volumes consumed roughly doubled from 1990 to 2007, then flatlined.