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Page added on January 21, 2012
US Oil Use Down 1.2% in 2011
U.S. oil demand fell 1.2 percent to 18.9 million barrels a day last year, trade group American Petroleum Institute said Friday.
Early data from the federal Energy Information Administration issued Jan. 10 showed a 1.6 percent, or 310,000 barrels a day, drop to 18.87 million barrels a day. The International Energy Agency, the oil-market watchdog for the major industrialized nations, such as the U.S., that make up the Organization for Economic Co-operation and Development, this week estimated a decline of 1.8 percent, or 340,000 barrels a day, in U.S. demand, to 18.84 million barrels a day.
The API said its estimate for 2011 showed that, except for 2008, the drop in demand was the most in the last decade. December 2011 U.S. petroleum deliveries, a measure of demand, were down 5.9 percent from a year earlier, to a 15-year low of 18.6 million barrels a day.
Demand for gasoline, the most widely used U.S. petroleum product, fell 4.3 percent in December from a year ago, to 8.531 million barrels a day. Annual demand was 2.1 percent lower, at 8.803 million barrels a day.
“The weakness in gasoline demand in 2011 reflected the overall weakness in consumer spending,” said John Felmy, API chief economist. Despite the decline in demand for refined products, supplies remained ample, with gasoline production for the year averaging a record high of 9.1 million barrels a day, up 0.5 percent from 2010. Distillate production, at 4.5 million barrels a day, was up 6.1 percent for the year. Refinery inputs fell by 1.5 percent in 2011 compared with 2010.
Demand for distillate fuel–diesel fuel and heating oil–rose 3.2 percent in 2011, to 3.921 million barrels a day. Within that figure, demand for ultra-low-sulfur diesel fuel rose 5.3 percent. Ultra-low-sulfur diesel fuel accounts for 90 percent of distillate demand.
Total petroleum imports dropped 5.6 percent in 2011, API said. Although up slightly in December, crude-oil imports for the year fell by 3.4 percent. Imports of refined products dropped 14 percent for the year and were down more than 33 percent for December.
Total petroleum exports–almost all of which were product exports–jumped 25.5 percent in 2011 compared with 2010.
Crude-oil production rose 2.5 percent in 2011 to an average of 5.6 million barrels a day. In December, crude-oil production rose by 0.5 percent to an eight-year high for the month.
Crude-oil stocks ended the year up 0.4 percent from 2010 and were at a 17-year high for December, at 334.6 million barrels, while gasoline stocks in December were up 0.1 percent from a year ago. Distillate stocks ended the year at 145.6 million barrels, down 11.4 percent from a year ago and at a five-year low for December, API said.
4 Comments on "US Oil Use Down 1.2% in 2011"
DC on Sat, 21st Jan 2012 12:46 pm
At least RZ didnt try to claim that lowered demand was due to increased ‘efficency’. That spin really cracks me up, we are hearing it a lot these days. Pretty much 100% of what RZ puts out is pure BS, but now, they might be down to 99% BS. Even they have to admit lowered demand is soley due to the economy tanking, and not some new-found affinity for ‘efficency’ that amerikans suddenly and magially acquired.
Notice that lowered demand is weakened ‘consumer’ spending. Thats right, your all consumers, and your duty is to spend(ie waste energy). If your not doing your part, oil company CEO’s make sad-faces. Because we all know hard it is when the your board tells you your bonus will only 20 million this year, instead of the 21 million you were expecting.
Kenz300 on Sat, 21st Jan 2012 5:54 pm
US oil use down 1.2% is better than it being up 1.2%. Energy efficiency helps. A 40 MPG vehicle is better than a 20 MPG vehicle. Bring on the electric, flex-fuel, hybrid, CNG, LNG and hydrogen fueled vehicles. We will need them all. It is time to end the oil monopoly on transportation fuels.
BillT on Sun, 22nd Jan 2012 2:31 am
Sorry Kenz, but your personal vehicle rights are coming to an end. Yes, there will be a slow change to other energy sources for necessary trucks, and necessary other vehicles (key word ‘necessary’) but, unless you are one of the 1% who doesn’t care if it costs $100 per gallon, you will not be driving a personal vehicle.
Reality is that the financial system is going to limit what is produced and who gets to use it. Most of the world, (6,000,000,000 plus) do NOT have personal vehicles and will not miss them, but they do need food and other energy uses. Do you want to contribute the life of your son to be able to fill your SUV tank and drive to the local McDonalds?
DC on Sun, 22nd Jan 2012 3:03 am
Marginally more efficent gas-burning trash-bins will only have a cosmetic effect on North American fuel-consumption, and do precious little to reduce pollution. Even if 40 is better than ’20’, it fixes nothing. CNG, LNG, Biof-fools Hydrogen FOoL-cell, ‘so-called ‘hybrids’ even the EV(for its positive virtues) are all 100% made from OIL!
What will happen to costs to produce all of those vehicles when the cost of oil doubles or triples? What will happen to the allready exhorbitant costs to maintain oil-soaked roadways they are supposed to drive on?