Gasoline Starts Its Long, Slow Ride Down
Big Take23 Jan 2023

Gasoline Starts Its Long, Slow Ride Down

Even though Americans are driving more than ever before, they’re using less fuel to do it. Gasoline demand in the US hasn’t bounced back to pre-Covid levels, and for all kinds of reasons, it likely never will.

In the long run, that will mean relief from high gas prices. But the decline of fossil fuels won’t be quick — or painless. As the oil industry recalibrates to meet the new reality and seeks to maximize profits, we could see price spikes and periodic supply crunches.

Bloomberg journalists Lynn Doan, Chunzi Xu and Millie Munshi join this episode to talk about why gasoline use is trending lower, even as Americans pile on more miles in their cars. And energy analyst Mark Finley of Rice University's Baker Institute for Public Policy explains how diminishing gasoline use could impact not just consumers and companies, but US national security, and America’s relationship with China and the rest of the world.

Learn more about this story: https://bloom.bg/3J8TBQt

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

This podcast is produced by the Big Take Podcast team: Supervising Producer: Vicki Vergolina, Senior Producer: Kathryn Fink, Producers: Mo Barrow, Rebecca Chaisson, Michael Falero and Federica Romaniello, Associate Producers: Sam Gebauer and Zaynab Siddiqui. Sound Design/Engineers: Raphael Amsili and Gilda Garcia.

See omnystudio.com/listener for privacy information.

Avsnitt(857)

What Trump Wants in Cuba

What Trump Wants in Cuba

President Donald Trump says he believes he’ll have the “honor of taking Cuba.” As the island nation suffers from major blackouts and a US squeeze on its oil supply, its regime’s survival — and the cou...

24 Mars 19min

$100 to Fill Up Your Tank? Some Drivers Say No Thanks

$100 to Fill Up Your Tank? Some Drivers Say No Thanks

As the war with Iran drags out and oil prices remain turbulent, it raises the question of whether — and how — prolonged conflict in the Middle East might impact global fossil fuel dependence and the f...

23 Mars 16min

The Sixth Bureau Episode 6: Nothing Is Holy

The Sixth Bureau Episode 6: Nothing Is Holy

In Episode 6 of The Sixth Bureau, a series from The Big Take, with spy Xu Yanjun in prison, the US government pursues some of his collaborators. Plus, host Jordan Robertson gets an unexpected call whi...

20 Mars 35min

Reopening the Strait of Hormuz Is Going to Take Awhile

Reopening the Strait of Hormuz Is Going to Take Awhile

Has Iran laid mines across the Strait of Hormuz? With attacks on gas and oil facilities across the Middle East sending energy prices soaring, a key to restoring global oil supplies is ensuring the Str...

19 Mars 14min

The Iran War Is the Fed's Worst Nightmare

The Iran War Is the Fed's Worst Nightmare

The Federal Open Market Committee announced this afternoon that it would hold interest rates steady. The decision comes in spite of spiking oil prices and new market uncertainty driven by the Iran War...

18 Mars 17min

Asia Is Bearing the Brunt of the Iran War Energy Crisis

Asia Is Bearing the Brunt of the Iran War Energy Crisis

From soaring fuel prices in Pakistan to a shortage of cooking gas in India, Asia is bearing the brunt of the energy crunch sparked by the Iran War. On today’s Big Take Asia podcast we look at how war ...

17 Mars 18min

Will Russia Be the Biggest Winner of the Iran War?

Will Russia Be the Biggest Winner of the Iran War?

As the war in Iran draws in more countries, it’s had unlikely benefits for one of Iran’s key allies: Russia. President Trump has eased some sanctions on Russian oil in his efforts to alleviate the oil...

16 Mars 16min

Weekend Listen: The Rise and Fall of an Alleged Scam Boss

Weekend Listen: The Rise and Fall of an Alleged Scam Boss

By any account, Chen Zhi's ascent was meteoric. At a young age he founded a real estate company in Cambodia, which quickly became the sprawling Prince Group conglomerate. But beneath this legitimate f...

15 Mars 19min

Populärt inom Politik & nyheter

svenska-fall
p3-krim
aftonbladet-krim
spar
fordomspodden
rss-krimstad
flashback-forever
rss-vad-fan-hande
aftonbladet-daily
motiv
rss-sanning-konsekvens
krimmagasinet
politiken
rss-krimreportrarna
rss-frandfors-horna
kungligt
grans
rss-flodet
dagens-eko
sydsvenskan-dok