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.

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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