To put reduced demand in perspective, the highest number of miles driven in the US (Peak Driving) happened in 2005. Our miles driven today are down about 9 percent from the peak. Peak vehicle ownership happened in 2006, and the number of vehicles owned per person is down about 7 percent. Airline departures are down even more, about 16 percent below their 2005 peak. Average fuel efficiency has increased incrementally, further reducing fuel use, so, for the US at least, fuel demand is significantly lower than it was 10 years ago.