Related Articles
Forward article link
Share PDF with colleagues

High pump prices drive electric-vehicle advances

THE DEATH knell of the internal-combustion engine may not be sounding just yet, but oil producers must plan pricing strategies carefully if they are to avoid derailing growth in petroleum-powered transport

Rising incomes are leading to massive growth in the use of private transport in countries such as China, India and Brazil, but, while that means a rise in demand for petroleum products in the short-term, it also means the share of consumers' expenditure being spent on transport fuel is rising. Bassam Fattouh, director of the Oil and Middle East Programme at the Oxford institute for Energy Studies, argues that this is creating a new wave of vehicle owners whose decision-making on transport will become increasingly, heavily influenced by the cost of fuel. "These consumers, spending more and more on gasoline, will become increasingly sensitive to price effects," Fatouh told an energy conference

Also in this section
Cyprus dreams again
24 May 2017
Developers working offshore the island think they may be about to unlock vast new reserves. Taking them to a depressed market will be much harder
Natural gas still not getting through in Europe
17 May 2017
Coal still beats natural gas in many European markets, notably Germany. This makes no sense, says Wintershall chief executive Mario Mehren
Gazprom's next gas battle
15 May 2017
The Russian giant is ready to defend its market share in Europe and face off the threat of American LNG