The hottest U.S. may become a net exporter of gaso

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The United States may become a net exporter of gasoline

according to a report by the global management consulting firm boozcompany in Houston, Sheila McNulty of the United Kingdom, on August 29, the United States may become a net exporter of gasoline before 2010 due to changes in demand, biofuel policies and the development of automotive alternative technologies

rising prices have weakened gasoline demand in the United States. The U.S. Department of transportation said this month that vehicle mileage in the United States fell by 12.2 billion miles in June from a year earlier, the eighth consecutive month of reduction in driving trips

the report said that if gross domestic product (GDP) fell and inflation picked up, gasoline demand may decline further. Boozcompany said that if gasoline prices were still at $4 per gallon - a level reached in the United States this summer - demand could drop 3% in impact tester testing knowledge. At present, the average price of gasoline is about $3.70

the government continues to promote biofuels, which also reduces the demand for traditional oil products

at the same time, the refining capacity is rising. From 2003 to 2007, the distillation capacity increased by 3million barrels to 4million barrels per day. From the spring of 2007 to this spring, the capacity under construction has more than doubled

"this makes it possible for the United States to become a gasoline bull (that is, a net exporter rather than a net importer)," Booz company said. "If the economic slowdown or recession reduces demand, this result is more likely." The agency believes that gasoline consumption in the United States may peak in the next 15 to 20 years

the consulting company pointed out that in the longer term, new automotive technologies (such as plug-in hybrid vehicles) may mark "the end of the era of hydrocarbons as we know it, and we will enter the era of electrified transportation"

the report points out that the speed at which the specific power of the battery increases and the cost of the screw twists and turns decreases as a result of the battery is 5% to 10% per year

for U.S. refiners, the possibility of rising demand in Asia is increasing. The $2500 new car launched by Tata may push up the demand for traditional fuels. At the time of the launch of this new car, the high-speed economic growth in Asia is increasing people's interest in cars and the moving speed that can change the beam

boozcompany said, "the entire industry is currently dependent on the growth of Asian demand, which is unprecedented."

demand in mature markets may decline, which provides traditional refiners with options

Boozcompany said that in order to achieve growth, they may have to expand more actively into Asia or postpone their investment in developed economies

the report points out that they may also consider investing more in diesel, or finding a way to get involved in biofuels

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