EIA: U.S. Spring-Summer Gasoline Use Seen at 12-Year Low

[NickB79]

2. No worries, China's helping us out burning up all that extra gasoline

http://www.bloomberg.com/news/2012-09-04/china-slowing-auto-sales-still-eclipse-u-s-japan-germany-cars.html

Three years ago, China passed the U.S. as the world’s biggest car market. By 2015, it will likely exceed the U.S., Japan and Germany combined -- and that takes into account the current economic slowdown.

While sales growth has stalled the past two years, high savings rates and pent-up demand mean Chinese consumers are expected to buy 25.5 million vehicles three years from now, according to the average forecast of IHS Automotive, Macquarie Equities Research and the Economist Intelligence Unit. Most of the new growth will come from less-developed central and western areas, such as the city of Chengdu, where global auto executives are gathering for an industry forum tomorrow.