Demand will never drop. Emerging major fuel consumers such as India and China will ensure that. Fuel is a global market, especially diesel fuel as it transports much better than gasoline. Talk to the Aussies, they have seen their prices go skyward over the last decade as they compete to buy fuel with those two major markets just off the coast of their wee island.Shipping is much more efficient at moving fuel than freight by commercial truck or train.
I realize it is a global market, however, how do you explain our "Low" fuel cost in NA. It is a bit rediculous to say demand wouldn't be lower if we drove more efficient vehicles. Would we all just drive around at night to make up for the fuel we aren't burning? The fact remains there is NO LOGICAL REASON to run petrol instead of diesel! The only reason we use it here is because that is what they sell us, that is what our governments allow us to buy (vehicles), and WE CAN AFFORD IT! there is just no argument againt that.