Digital Auto Care Factbook & Lang Annual 2016 - (Page 74)

CRUDE OIL AND DIESEL FUEL Imported crude oil prices declined from its historic peak of $102.70 in 2011 to $101.09 in 2012 and to $98.11 in 2013. Crude oil, which accounts for 65 percent of the cost of gas prices, has seen its price fall 9.0 percent since last year - from more $98.11 per barrel to $89.14 in 2014. The political unrest in the Middle East and North Africa, the source of about one third of world oil production, contributed to the increases in crude oil prices in 2011. Since then, the three-year decrease in crude oil prices reflects the slow economic recovery in the US. The latest U.S. Energy Department forecast projects prices to average $58 per barrel in 2015 and $75 in 2016. The Producer Price Index (PPI) reports a comparable one-year rise in the price of diesel fuel. Diesel fuel rose 3.0 percent from its 2011 price of $395.9 to $408.2 in 2012, declining 2.7 percent to $397.3 in 2013 and by 2.7 percent to $387.16 in 2014. The average per gallon price of diesel fuel has been historically lower than regular gasoline. Since 2004 the average price of diesel fuel has skyrocketed higher than regular gasoline. The U.S. Energy Information Administration is predicting lower gasoline prices in 2015. Gas prices at the pump this summer are expected not to rise to $3, bottoming out at $2.45 a gallon. The sliding gas price is attributed to U.S. government's spending cuts, near-record levels of U.S. oil production and the Organization of the Petroleum Exporting Countries' (OPEC) decision not to curtail its own production in the face of decreasing prices. U .S . Crude Oil Imported Acquisition Cost, 1990-2014 (Dollars per Barrel) $120 $100 $80 $60 $40 Source: U.S. Energy Information Administration http://www.eia.gov/dnav/pet/pet_pri_rac2_dcu_nus_a.htm Producer Price Index for Diesel Fuel, 2004-2014 450 400 June 1985 = 100 350 300 250 200 150 100 50 0 Note: 2004 2005 2006 * Preliminary Source: U.S. Department of Labor Series ID: WPU05730302 74 2016 Digital Auto Care Factbook Copyright © 2015 Auto Care Association 2007 2008 2009 2010 2011 2012 2013 2014* 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995 1994 1993 1992 1990 $0 1991 $20 http://www.eia.gov/dnav/pet/pet_pri_rac2_dcu_nus_a.htm

Table of Contents for the Digital Edition of Digital Auto Care Factbook & Lang Annual 2016

Auto Care Association Market Intelligence Committee
Economic Indicators
Key Economic Indicators
National Debt
Aftermarket Dynamics
Industry Employment
Technician Employment and Wages
What Do Our Members Think?
Auto Care Association – Lang Market Comparison
BCI Summary
State of the Auto Care Industry
U.S. Motor Vehicle Auto Care Industry
Introduction to the Channel Forecast Model
2014 to 2018 Forecast Assumptions
U.S. Motor Vehicle Auto Care Industry
Auto Care Sales History and Forecast 2007 to 2018
Auto Care Sales by Distribution Channel
Auto Care Segmentation
Auto Care Service and Retail Outlets
Auto Care Service and Retail Outlet Analysis
Program Distribution Summary
Retail Distribution Summary
e-Tailing
Financial Benchmarks
Financial Profiles of Select Auto Care Companies
Select Auto Care Transactions
Auto Care Industry
Consumer Profile
Replacement Rates for Motor Vehicle Parts and Jobs
Top 10 Replacement Rate Categories By Vehicle Age
Tool and Equipment
Auto Care Industry Segments
Medium And Heavy Duty Truck Industry
Sales of Replacement Tires
Paint, Body and Equipment
BodyShop Business Industry Profile: 2013-14
U.S. Total Motor Vehicle Population
Vehicle Registrations and Usage
U.S. New Motor Vehicle Registrations
Top 10 Light Vehicle Registrations
Hybrid Vehicles
Vehicle Operating Costs
Miles Driven vs. Gasoline Affordability
Gasoline Affordability and Fuel Consumption
Crude Oil and Diesel Fuel Costs
State Summary Statistics
State Summary Statistics
Global Auto Care Industry
Global Economic and Automotive Data
U. S. Trade Data for Selected Motor Vehicle Products
U. S. Trade Data By Country
Canadian Auto Care Industry
Glossary and Reference
Mexican Auto Care Industry
Chinese Auto Care Industry
Glossary and Terms
NAICS Definitions
Auto Care Data Resources
Auto Care Data Resources
Auto Care Association Market Intelligence
Auto Care Association Market Intelligence
Harmonization of Auto Care Industry Data
2016 Lang Aftermarket Annual
Introduction
Aftermarket Highlights
Executive Summary
Aftermarket Size
Product Sales Analysis
Service Market
Service Market Outlet Performance
Do-It-Yourself Market
Do-It-Yourself Market Outlet Performance
Aftermarket Analysis by Type of Vehicle
Vehicle Age
Distribution Channels
Aftermarket Outlet Analysis
Purchased Service
Vehicle Analysis
Accessories and Specialty Equipment Volume
Market Dynamics
Glossary of Aftermarket Terms
Appendix

Digital Auto Care Factbook & Lang Annual 2016