Why we're buying less gasoline

Demand for gasoline has declined in recent years as fuel prices have soared.
by Adam Wilmoth Modified: September 6, 2013 at 6:00 pm •  Published: September 5, 2013
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Some local energy experts saw the change coming.

In 2005, the price of crude oil topped $60 a barrel for the first time, causing the price of gasoline to soar past $2 a gallon.

At the time, Bruce Bell, then chairman of the Mid-Continent Oil and Gas Association of Oklahoma, said climbing prices would have to eventually lead the American public to focus on fuel conservation.

“We will reach a limit somewhere when the price of oil and all the other products it underlies will be so high that people are going to start using less,” Bell said in a June 27, 2005, interview with The Oklahoman. “They'll find ways to conserve. A lot of people thought that price was $40, and a lot said it was $50. But apparently we haven't found it yet.”

Turns out, the price was closer to $95, but when we hit the limit, we hit it hard.

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by Adam Wilmoth
Energy Editor
Adam Wilmoth returned to The Oklahoman as energy editor in 2012 after working for four years in public relations. He previously spent seven years as a business reporter at The Oklahoman, including five years covering the state's energy sector....
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