GCC: Veloz: CA EV sales continue to grow

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GRA

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https://www.greencarcongress.com/2019/04/20190410-veloz.html

According to tracking by Veloz, electric car sales in California in Q1 2019 continued their upward trend, with year-over-year increases each month and a 13% increase over Q1 2018.

According to Veloz’ monthly “Sales Dashboard”, each month of Q1 saw greater electric car sales than the same month of the previous year.

Total electric car sales in California increased 84% from 2017 (96,847) to 2018 (177,781). Q1 2019 added 30,745. . . .
With the recent jump in gas prices (up $0.50/gallon locally in the past six weeks - two months) to a current CA state average per AAA of $3.874/gal., PEV sales should get a healthy boost; San Francisco's now $4.02/gal.
 
Yes, but also some refinery shutdowns due to problems, the switch to more expensive summer blend and the generally higher crude prices this year, so the forecast is that these prices will extend through the summer. It usually takes about 6 months of a steady price increase to see a major shift in buying habits, so we'll see what happens around September. As it is, my closest gas station, after jumping $0.20/gal last week to $3.80, went up to $3.96 yesterday. Avg. state price now $3.911 [4/13 Update: now up to $3.983][4/16 Update: $4.011][4/20 update: $4.028], up from $3.874 yesterday, and S.F. now $4.047 [4/13: $4.122][4/16 Update: $4.148][4/20 update: $4.163], up from $4.02 ditto. AAA today:
April 11,2019

New data from the Energy Information Administration (EIA) revealed that demand skyrocketed to 9.8 million b/d last week. The estimate is approximately 700,000 b/d more than the previous week and 550,000 b/d more than the first week of April in 2018. Many market analysts expect the estimate to be revised downward when EIA releases final demand figures for April later this year, but the high estimate likely signals that 2019 could bring the highest gasoline demand rates ever recorded by EIA — potentially as early as this summer. High gasoline demand helped to lower total domestic gasoline stocks to 229.1 million bbl – a loss of 7.7 million bbl from the previous week. Shrinking supplies amid high demand will likely contribute to increased pump prices. Since Monday, the national average for unleaded regular gasoline has increased four cents to $2.78.
 
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