10 ms·
Yes! Automobile fuel efficiency is now probably the classical example of Jevon's paradox: some cars are more fuel-efficient; and (therefore?) we in the United S
by rcyeh 1y ago
Yes! Automobile fuel efficiency is now probably the classical example of Jevon's paradox: some cars are more fuel-efficient; and (therefore?) we in the United States are driving 35% more miles each year in 2024 (3.3e12) than in 1994 (2.4e12).
https://fred.stlouisfed.org/series/M12MTVUSM227NFWA https://fred.stlouisfed.org/series/M12MTVUSM227NFWA
Which makes our total gasoline consumption about the same as or higher than the 1990s, within 10% or so:
https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=C100000001&f=A https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=C...