Fuel efficient cars will make the gasoline demand collapse?

Fuel efficient cars will make the gasoline demand collapse?: This August U.S. gasoline consumption hit a new peak of 9.7 million barrels a day, a growth in demand that many oil bulls believe will be the driver for higher crude oil prices. Specialists are forecasting a increase of gasoline consumption by 1.9% to 9.33 million barrels a day in 2016, it means the record set in 2007 will be surpassed. Even though the gasoline growth is stronger than ever now, a downside in the industry is still predicted.

Fuel efficient vehicles are likely to gain more popularity on greater environmental awareness. The world started to realize the need for cleaner and greener earth. The popularity of cleaner energy resources around the world is testament of the change.