|SThe United States has benefited from Europe’s
dieselization program historically. As
Europe’s dieselization program evolved, demand for diesel fuel grew faster
than gasoline, and Europe’s refineries produced more gasoline than the region
could use. This provided an economic
source of supply for the United States
|SEuropean diesel demand overtook gasoline
demand after 1995, and is expected by many forecasters to continue to
outstrip gasoline – even to the extent that gasoline demand might decline.
|SThis forecast shows the ratio of gasoline to
diesel halving between 1990 and 2015, which has significant impacts for
|SThis forecast is based on a continuation of
the change in vehicles in Europe that has occurred historically.