PETROANALYSIS || ARTICLE
The U.S. likes gas-guzzlers (Review)
After the 1973 oil crisis the U.S. tried to rework gasoline consumption habits, but not with much success in the light of history. The big auto makers have turned to producing more trucks and SUVs that consume more fuel per mile.
U.S. gasoline is cheaper than in Europe, for example, and has comparatively less incidence on the family budget at the pump. Interestingly, U.S. automakers plan to produce electric vehicles – but for the consumer in China rather than the domestic market.