Not Logged In Log In   Sign Up   Points Leaders
Follow Us    6:16 AM

GasBuddy News Article

60
votes
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...


Read the Full Article

Submitted Jan 18, 2013 By: PD
Category: GasBuddy Official Blog > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Petroleum demand continues to erode vs. prior years Back to Topics
REPLIES (newest first) Post a Reply
99dakota
Champion Author Providence

Posts:11,563
Points:2,975,800
Joined:Oct 2006
Message Posted: Jan 26, 2013 6:26:27 AM

As the economy crumbles the oil demand follows.
jetskijerry
Champion Author North Carolina

Posts:7,169
Points:1,564,760
Joined:Mar 2011
Message Posted: Jan 26, 2013 1:09:05 AM

crooks
jetskijerry
Champion Author North Carolina

Posts:7,169
Points:1,564,760
Joined:Mar 2011
Message Posted: Jan 26, 2013 1:08:57 AM

the crooks will make their profit off us and exports both
Chris46
Champion Author Dayton

Posts:51,078
Points:2,883,515
Joined:Sep 2005
Message Posted: Jan 25, 2013 11:27:29 PM

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:9,783
Points:1,543,750
Joined:May 2011
Message Posted: Jan 25, 2013 12:39:39 AM

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:24,300
Points:2,435,365
Joined:Nov 2008
Message Posted: Jan 22, 2013 6:01:26 AM

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:1,223
Points:331,165
Joined:Apr 2011
Message Posted: Jan 22, 2013 1:20:08 AM

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:1,120
Points:166,540
Joined:Jun 2012
Message Posted: Jan 21, 2013 10:49:42 PM

balls
car253
Champion Author Ohio

Posts:9,404
Points:2,231,565
Joined:Oct 2008
Message Posted: Jan 21, 2013 7:10:54 PM

Prices up here.
rbrowdersr
Champion Author Detroit

Posts:6,492
Points:2,348,805
Joined:Aug 2006
Message Posted: Jan 21, 2013 12:13:49 PM

Gas prices still up.
rtw777
Champion Author Florida

Posts:12,758
Points:2,651,045
Joined:Jan 2008
Message Posted: Jan 21, 2013 11:27:40 AM

Demand down yet prices are up.
txrojo2005
Champion Author Austin

Posts:1,497
Points:1,135,795
Joined:May 2011
Message Posted: Jan 21, 2013 11:16:30 AM

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:9,117
Points:2,672,185
Joined:Apr 2006
Message Posted: Jan 21, 2013 11:13:28 AM

no erosion in gasoline prices
craigsf38
Champion Author Rochester

Posts:9,073
Points:2,325,280
Joined:Jun 2008
Message Posted: Jan 21, 2013 10:47:07 AM

OLD NEWS
Ticobird
Champion Author Huntsville

Posts:5,552
Points:1,819,690
Joined:Oct 2009
Message Posted: Jan 21, 2013 10:45:50 AM

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:4,154
Points:1,885,595
Joined:Jan 2005
Message Posted: Jan 21, 2013 10:40:26 AM

That was the goal, right?
jethro5000
Champion Author Kentucky

Posts:5,264
Points:1,212,465
Joined:Jun 2005
Message Posted: Jan 21, 2013 10:40:02 AM

Demand drops should equal lower prices. What happened?
walkit1
Champion Author Memphis

Posts:4,070
Points:1,725,215
Joined:Jan 2007
Message Posted: Jan 21, 2013 10:35:56 AM

Drive slower and plan your trips.
Costello
Champion Author South Dakota

Posts:3,420
Points:1,909,450
Joined:Jan 2007
Message Posted: Jan 21, 2013 10:35:29 AM

And the price goes????
Soglaos
Champion Author Virginia Beach

Posts:4,278
Points:1,458,135
Joined:Feb 2011
Message Posted: Jan 21, 2013 10:34:48 AM

Very Old News
mia3bxs
All-Star Author Miami

Posts:517
Points:881,590
Joined:Jul 2011
Message Posted: Jan 21, 2013 10:34:42 AM

I'm glad. Hope it continues.
blitzntj
Champion Author Jacksonville

Posts:6,646
Points:1,402,335
Joined:Dec 2007
Message Posted: Jan 21, 2013 10:34:32 AM

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:29,531
Points:2,683,010
Joined:Jun 2005
Message Posted: Jan 21, 2013 10:33:31 AM

old old news.
lonewolfhead
Champion Author Texas

Posts:1,920
Points:1,235,620
Joined:Aug 2011
Message Posted: Jan 21, 2013 10:33:20 AM

Old news
Bill100
Champion Author Grand Rapids

Posts:46,064
Points:1,921,180
Joined:Jan 2010
Message Posted: Jan 21, 2013 10:31:54 AM

Rather amazing, in my book, that this lack of demand is still happenening.
tekguy
Champion Author Pittsburgh

Posts:3,791
Points:1,845,705
Joined:Aug 2005
Message Posted: Jan 21, 2013 10:31:47 AM

Old news
Don20
Champion Author Oklahoma City

Posts:13,012
Points:3,412,635
Joined:Mar 2005
Message Posted: Jan 21, 2013 10:30:56 AM

Old new article. Still the same, small vehicles with better mileage...
PoohMcGoo
Champion Author Alabama

Posts:3,960
Points:1,489,970
Joined:Dec 2010
Message Posted: Jan 21, 2013 10:30:40 AM

Repeat
HawaiianGuy
Champion Author Idaho

Posts:12,854
Points:3,873,850
Joined:May 2003
Message Posted: Jan 21, 2013 10:30:32 AM

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:8,955
Points:2,379,600
Joined:Aug 2006
Message Posted: Jan 21, 2013 10:30:08 AM

Good. Arctic drilling getting reevaluation.
MightyDude
Champion Author Minnesota

Posts:13,757
Points:3,473,800
Joined:Mar 2003
Message Posted: Jan 21, 2013 10:29:09 AM

justifying pump price increase
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:779,635
Joined:Dec 2010
Message Posted: Jan 21, 2013 10:28:41 AM

This article needs to erode
CheckitoutGuy
Champion Author San Diego

Posts:1,329
Points:799,150
Joined:Mar 2008
Message Posted: Jan 21, 2013 10:28:12 AM

Old Guys Rule
Pozole
Champion Author Portland

Posts:19,323
Points:2,404,020
Joined:Mar 2005
Message Posted: Jan 21, 2013 10:27:35 AM

...can't afford any "extra" driving like I used to could...
ARCO
Champion Author Pittsburgh

Posts:5,603
Points:3,153,510
Joined:Sep 2005
Message Posted: Jan 21, 2013 10:27:28 AM

REAL OLD
AcuraTSX
Champion Author Ohio

Posts:6,979
Points:2,937,445
Joined:Dec 2005
Message Posted: Jan 21, 2013 10:27:02 AM

old
skb69sa
Champion Author San Antonio

Posts:6,623
Points:1,473,875
Joined:Mar 2011
Message Posted: Jan 21, 2013 10:26:13 AM

Old news
Lbro
Champion Author Denver

Posts:3,204
Points:825,755
Joined:Jan 2004
Message Posted: Jan 21, 2013 10:25:57 AM

Good news!
barbs24
Champion Author Virginia Beach

Posts:6,165
Points:2,828,875
Joined:Feb 2006
Message Posted: Jan 21, 2013 10:25:27 AM

I hope the demand continues to decline and other options increase
homespesial
All-Star Author Seattle

Posts:714
Points:218,225
Joined:Oct 2012
Message Posted: Jan 21, 2013 10:25:02 AM

interesting, what will happen next
PackerfanMN
Champion Author Twin Cities

Posts:3,122
Points:793,865
Joined:Nov 2011
Message Posted: Jan 21, 2013 10:25:00 AM

Well said Rednix
99church
Champion Author Indiana

Posts:5,144
Points:1,160,050
Joined:Oct 2011
Message Posted: Jan 21, 2013 10:23:22 AM

Old news but, well said Rednix very well said !
CptnCanada
Champion Author Saskatoon

Posts:9,821
Points:1,547,570
Joined:Jun 2008
Message Posted: Jan 21, 2013 10:22:59 AM

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:1,993
Points:2,277,505
Joined:Dec 2007
Message Posted: Jan 21, 2013 10:22:41 AM

Yet prices still go up - again.
Rednix
Champion Author Miami

Posts:9,392
Points:2,091,685
Joined:Jul 2009
Message Posted: Jan 21, 2013 10:20:10 AM

Can't we just tax the finished product when we export that gasoline?
w4kh
Champion Author Tennessee

Posts:15,033
Points:3,052,815
Joined:May 2004
Message Posted: Jan 21, 2013 10:20:03 AM

Four days of this article, and pump prices are still up, even in the face of lowered demand...
Diesel_Ram
Champion Author Dallas

Posts:9,723
Points:2,320,950
Joined:Jan 2009
Message Posted: Jan 21, 2013 10:19:10 AM

Old Story
JohnLM
Champion Author Orlando

Posts:1,131
Points:698,505
Joined:May 2010
Message Posted: Jan 21, 2013 10:17:50 AM

It's still better to Drill more, and whine less.
Mikeyl
Champion Author Cleveland

Posts:9,565
Points:1,977,665
Joined:Aug 2004
Message Posted: Jan 21, 2013 10:17:10 AM

Same story, different, different day...
WingTravel101
Champion Author Montana

Posts:9,745
Points:2,755,395
Joined:Sep 2007
Message Posted: Jan 21, 2013 10:16:17 AM

Old
Old Timer
Champion Author Akron

Posts:6,982
Points:2,048,555
Joined:Sep 2003
Message Posted: Jan 21, 2013 10:15:49 AM

Old news.
Post a reply Back to Topics