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Fuels

Outlook Survey 2018: The Uncertainty of Fuel Demand

How and when will electric vehicles take a toll on gasoline sales?

CHICAGO -- In this time of Tesla, autonomous vehicles and ride-hailing, fuel’s future is less certain. Forty-four percent of Outlook Survey respondents expect fuel demand to be flat or decline in the long term.

What are your long-term expectations (10 years or more) for fuel demand?

Source: CSP 2018 Outlook Survey

One-quarter believe EVs will have the greatest effect on future demand. Of those retailers who said they are planning to make a change to their fuel offer in 2019, nearly one-fifth plan to add EV charging stations—more than those who plan to add liquid fuels such as ethanol blends.

Also, one-third of Outlook Survey respondents who are planning to make a change to their fuel offering in 2019 say they will upgrade pumps to EuroPay Mastercard Visa (EMV) standards ahead of the October 2020 liability shift.

What will have the greatest effect on future fuel demand?

Source: CSP 2018 Outlook Survey

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Click here to read the complete Outlook Survey report.

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