Booz & Company wrote:Rising prices have already cooled US gasoline demand. The US transportation department said this month that motorists drove 12.2bn fewer miles in June than a year earlier, the eighth straight month that travel declined.
That seems to say that for 8 straight months travel has declined doesn't it?
Then it goes on to postulate..
Booz & Company wrote:
gasoline consumption in the US is likely to peak within the next 15 to 20 years.
Well? Am I missing something?
What's wrong with this picture? Hey fellas, maybe gasoline use has already peaked and started to decline?