The Death of Gasoline Has Been Greatly Exaggerated

Gasoline was meant to be Exhibit A of the energy transition. And it is — but not how the green intelligentsia ever anticipated. Rather than becoming the fuel to display the earliest and most pronounced peak in demand as the world embraced electric vehicles, gasoline is instead signaling the endurance of fossil-fuel consumption.

The stronger-than-expected demand comes even before significant pro-gasoline regulatory changes announced in both the US and Europe in recent days take effect. In Washington, President Donald Trump has rolled back the fuel-economy targets set by his predecessor Joe Biden. Instead of achieving 50.4 miles per gallon by 2031, US cars will only need to meet 34.5 miles per gallon. Earlier, Trump hit the EV sector by removing federal subsidies.