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Petroleum demand continues to erode vs. prior years

GasBuddy Blog -- The thirst for petroleum in the United States continued to slow down in 2012, as witnessed by data recently released by the United State Energy Information Administration.

The average daily consumption of petroleum products in 2012 was nearly 18.7 million barrels per day, the lowest since 1997, when average consumption was 18.54 million barrels per day, and well off the average daily consumption of 20.9 million barrels in 2007.

While it is certainly noteworthy that consumption continues to decline in the U.S., it is certainly offset by the continued rise in consumption in developing countries like China, and prices remain high domestically as U.S. based refineries continue to send product overseas. In 2012, the amount...

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Submitted Jan 18, 2013 By: PD

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99dakota Champion Author Providence Posts:8,097 Points:2,170,825 Joined:Oct 2006	Message Posted: Jan 26, 2013 6:26:27 AM Ignore 99dakota Report Abuse As the economy crumbles the oil demand follows.
jetskijerry Champion Author North Carolina Posts:3,886 Points:770,320 Joined:Mar 2011	Message Posted: Jan 26, 2013 1:09:05 AM Ignore jetskijerry Report Abuse crooks
jetskijerry Champion Author North Carolina Posts:3,886 Points:770,320 Joined:Mar 2011	Message Posted: Jan 26, 2013 1:08:57 AM Ignore jetskijerry Report Abuse the crooks will make their profit off us and exports both
Chris46 Champion Author Dayton Posts:23,649 Points:2,079,390 Joined:Sep 2005	Message Posted: Jan 25, 2013 11:27:29 PM Ignore Chris46 Report Abuse Would this be strictly because cars are getting better gas mileage, or are people driving less because of the price of gas, economy, no job, etc, etc..
BJWI Champion Author Milwaukee Posts:6,394 Points:733,400 Joined:May 2011	Message Posted: Jan 25, 2013 12:39:39 AM Ignore BJWI Report Abuse Amazing how much less fuel America's permanently unemployed no longer uses when they no longer have a job to go to.
honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: Jan 22, 2013 6:01:26 AM Ignore honda0105 Report Abuse demand may go down some places, but judging from the lines around here at some stations, there ain't no lack of demand.
Donatelo Champion Author Dayton Posts:1,118 Points:291,825 Joined:Apr 2011	Message Posted: Jan 22, 2013 1:20:08 AM Ignore Donatelo Report Abuse i see demand going down, you can more than ever order everything from your home: food, movies, and so on. so no need for extra trips, saves fuel.
QuagmireLA Champion Author Louisiana Posts:1,079 Points:160,365 Joined:Jun 2012	Message Posted: Jan 21, 2013 10:49:42 PM Ignore QuagmireLA Report Abuse balls
car253 Champion Author Ohio Posts:6,283 Points:1,466,670 Joined:Oct 2008	Message Posted: Jan 21, 2013 7:10:54 PM Ignore car253 Report Abuse Prices up here.
rbrowdersr Champion Author Detroit Posts:5,711 Points:1,816,910 Joined:Aug 2006	Message Posted: Jan 21, 2013 12:13:49 PM Ignore rbrowdersr Report Abuse Gas prices still up.
rtw777 Champion Author Florida Posts:9,381 Points:1,839,070 Joined:Jan 2008	Message Posted: Jan 21, 2013 11:27:40 AM Ignore rtw777 Report Abuse Demand down yet prices are up.
txrojo2005 All-Star Author Austin Posts:762 Points:477,100 Joined:May 2011	Message Posted: Jan 21, 2013 11:16:30 AM Ignore txrojo2005 Report Abuse We are in a new norm. Until the Federal Reserve withdraws the printed money expect prices to hover where they are at now. It takes more dollars to but a barrel of oil; hence the higher prices. Do not expect the fed to change for another 18 months minimum. So get used to it.
Dennisjk Champion Author Detroit Posts:6,471 Points:1,922,525 Joined:Apr 2006	Message Posted: Jan 21, 2013 11:13:28 AM Ignore Dennisjk Report Abuse no erosion in gasoline prices
craigsf38 Champion Author Rochester Posts:5,698 Points:1,508,080 Joined:Jun 2008	Message Posted: Jan 21, 2013 10:47:07 AM Ignore craigsf38 Report Abuse OLD NEWS
Ticobird Champion Author Huntsville Posts:3,215 Points:1,113,090 Joined:Oct 2009	Message Posted: Jan 21, 2013 10:45:50 AM Ignore Ticobird Report Abuse This articles included graph continues to amaze me. The first thing I see when looking at it is undeniable proof of our sick economy.
ramgas Champion Author Texas Posts:2,155 Points:1,299,180 Joined:Jan 2005	Message Posted: Jan 21, 2013 10:40:26 AM Ignore ramgas Report Abuse That was the goal, right?
jethro5000 Champion Author Kentucky Posts:1,862 Points:388,310 Joined:Jun 2005	Message Posted: Jan 21, 2013 10:40:02 AM Ignore jethro5000 Report Abuse Demand drops should equal lower prices. What happened?
walkit1 Champion Author Memphis Posts:3,039 Points:1,303,920 Joined:Jan 2007	Message Posted: Jan 21, 2013 10:35:56 AM Ignore walkit1 Report Abuse Drive slower and plan your trips.
Costello Champion Author South Dakota Posts:1,396 Points:1,151,515 Joined:Jan 2007	Message Posted: Jan 21, 2013 10:35:29 AM Ignore Costello Report Abuse And the price goes????
Soglaos Champion Author Virginia Beach Posts:2,770 Points:736,485 Joined:Feb 2011	Message Posted: Jan 21, 2013 10:34:48 AM Ignore Soglaos Report Abuse Very Old News
mia3bxs Veteran Author Miami Posts:447 Points:308,715 Joined:Jul 2011	Message Posted: Jan 21, 2013 10:34:42 AM Ignore mia3bxs Report Abuse I'm glad. Hope it continues.
blitzntj Champion Author Jacksonville Posts:4,664 Points:941,155 Joined:Dec 2007	Message Posted: Jan 21, 2013 10:34:32 AM Ignore blitzntj Report Abuse if demand is up and a shortage occurs....we raise the price at the pump.....if demand is down and we have a glut..we raise the price at the pump....Go Figure!!!!
bell05 Champion Author Atlanta Posts:9,240 Points:1,873,685 Joined:Jun 2005	Message Posted: Jan 21, 2013 10:33:31 AM Ignore bell05 Report Abuse old old news.
lonewolfhead Champion Author Texas Posts:1,639 Points:559,050 Joined:Aug 2011	Message Posted: Jan 21, 2013 10:33:20 AM Ignore lonewolfhead Report Abuse Old news
Bill100 Champion Author Grand Rapids Posts:41,470 Points:1,160,895 Joined:Jan 2010	Message Posted: Jan 21, 2013 10:31:54 AM Ignore Bill100 Report Abuse Rather amazing, in my book, that this lack of demand is still happenening.
tekguy All-Star Author Pittsburgh Posts:667 Points:1,102,120 Joined:Aug 2005	Message Posted: Jan 21, 2013 10:31:47 AM Ignore tekguy Report Abuse Old news
Don20 Champion Author Oklahoma City Posts:9,657 Points:2,616,705 Joined:Mar 2005	Message Posted: Jan 21, 2013 10:30:56 AM Ignore Don20 Report Abuse Old new article. Still the same, small vehicles with better mileage...
PoohMcGoo Champion Author Alabama Posts:3,067 Points:798,335 Joined:Dec 2010	Message Posted: Jan 21, 2013 10:30:40 AM Ignore PoohMcGoo Report Abuse Repeat
HawaiianGuy Champion Author Idaho Posts:9,513 Points:3,076,775 Joined:May 2003	Message Posted: Jan 21, 2013 10:30:32 AM Ignore HawaiianGuy Report Abuse WTF are we sending refined product overseas for? Hey, I thought this kind of crap was going to go away when Bush and Cheney and their oil cronies left office. Say it isn't so!
yelobus Champion Author Houston Posts:5,584 Points:1,553,915 Joined:Aug 2006	Message Posted: Jan 21, 2013 10:30:08 AM Ignore yelobus Report Abuse Good. Arctic drilling getting reevaluation.
MightyDude Champion Author Minnesota Posts:10,335 Points:2,645,820 Joined:Mar 2003	Message Posted: Jan 21, 2013 10:29:09 AM Ignore MightyDude Report Abuse justifying pump price increase
pastorpaulcg Champion Author Virginia Posts:3,615 Points:775,785 Joined:Dec 2010	Message Posted: Jan 21, 2013 10:28:41 AM Ignore pastorpaulcg Report Abuse This article needs to erode
CheckitoutGuy Champion Author San Diego Posts:1,311 Points:769,590 Joined:Mar 2008	Message Posted: Jan 21, 2013 10:28:12 AM Ignore CheckitoutGuy Report Abuse Old Guys Rule
Pozole Champion Author Portland Posts:9,584 Points:1,592,570 Joined:Mar 2005	Message Posted: Jan 21, 2013 10:27:35 AM Ignore Pozole Report Abuse ...can't afford any "extra" driving like I used to could...
ARCO Champion Author Pittsburgh Posts:2,333 Points:2,374,445 Joined:Sep 2005	Message Posted: Jan 21, 2013 10:27:28 AM Ignore ARCO Report Abuse REAL OLD
AcuraTSX Champion Author Ohio Posts:5,479 Points:2,179,205 Joined:Dec 2005	Message Posted: Jan 21, 2013 10:27:02 AM Ignore AcuraTSX Report Abuse old
skb69sa Champion Author San Antonio Posts:3,472 Points:708,450 Joined:Mar 2011	Message Posted: Jan 21, 2013 10:26:13 AM Ignore skb69sa Report Abuse Old news
Lbro Champion Author Denver Posts:1,031 Points:441,815 Joined:Jan 2004	Message Posted: Jan 21, 2013 10:25:57 AM Ignore Lbro Report Abuse Good news!
barbs24 Champion Author Virginia Beach Posts:3,129 Points:2,037,870 Joined:Feb 2006	Message Posted: Jan 21, 2013 10:25:27 AM Ignore barbs24 Report Abuse I hope the demand continues to decline and other options increase
homespesial All-Star Author Seattle Posts:710 Points:153,245 Joined:Oct 2012	Message Posted: Jan 21, 2013 10:25:02 AM Ignore homespesial Report Abuse interesting, what will happen next
PackerfanMN All-Star Author Twin Cities Posts:876 Points:267,950 Joined:Nov 2011	Message Posted: Jan 21, 2013 10:25:00 AM Ignore PackerfanMN Report Abuse Well said Rednix
99church Champion Author Indiana Posts:1,806 Points:359,015 Joined:Oct 2011	Message Posted: Jan 21, 2013 10:23:22 AM Ignore 99church Report Abuse Old news but, well said Rednix very well said !
CptnCanada Champion Author Saskatoon Posts:7,007 Points:914,975 Joined:Jun 2008	Message Posted: Jan 21, 2013 10:22:59 AM Ignore CptnCanada Report Abuse You have to have a job to be able to afford a car and fuel... this is what we get for outsourcing manufacturing to China
91_Metro_Man Champion Author Ventura Posts:1,812 Points:1,566,510 Joined:Dec 2007	Message Posted: Jan 21, 2013 10:22:41 AM Ignore 91_Metro_Man Report Abuse Yet prices still go up - again.
Rednix Champion Author Miami Posts:6,143 Points:1,272,810 Joined:Jul 2009	Message Posted: Jan 21, 2013 10:20:10 AM Ignore Rednix Report Abuse Can't we just tax the finished product when we export that gasoline?
w4kh Champion Author Tennessee Posts:11,655 Points:2,226,065 Joined:May 2004	Message Posted: Jan 21, 2013 10:20:03 AM Ignore w4kh Report Abuse Four days of this article, and pump prices are still up, even in the face of lowered demand...
Diesel_Ram Champion Author Dallas Posts:6,487 Points:1,515,535 Joined:Jan 2009	Message Posted: Jan 21, 2013 10:19:10 AM Ignore Diesel_Ram Report Abuse Old Story
JohnLM Champion Author Orlando Posts:1,036 Points:527,280 Joined:May 2010	Message Posted: Jan 21, 2013 10:17:50 AM Ignore JohnLM Report Abuse It's still better to Drill more, and whine less.
Mikeyl Champion Author Cleveland Posts:5,147 Points:1,183,195 Joined:Aug 2004	Message Posted: Jan 21, 2013 10:17:10 AM Ignore Mikeyl Report Abuse Same story, different, different day...
WingTravel101 Champion Author Montana Posts:6,370 Points:1,944,420 Joined:Sep 2007	Message Posted: Jan 21, 2013 10:16:17 AM Ignore WingTravel101 Report Abuse Old