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U.S. Petroleum Demand at Lowest Level in 16 Years

CSPnet.com -- WASHINGTON -- Total U.S. petroleum demand dropped 2.0% in 2012 compared with 2011, reaching the lowest annual level in 16 years, according to the American Petroleum Institute. Total U.S. petroleum deliveries also were down 2.1% in December against a year ago. Year-over-year declines were seen in all months in 2012 except for May, API reported.

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Submitted Jan 22, 2013 By: Teslukbla

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honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jan 26, 2013 5:52:30 AM Ignore honda0105 Report Abuse prolonged economic downhill conditions (no matter what we're told, it ain't over till the fat lady sings!) are leading to less and less demand. No job, no money, no need to drive either.
honda0105 Champion Author Tallahassee Posts:18,828 Points:1,637,220 Joined:Nov 2008	Message Posted: Jan 25, 2013 5:50:48 AM Ignore honda0105 Report Abuse and refineries are shutting down for "maintenance" season, which means, prices are about to go up.
studebaker1940 Champion Author Tampa Posts:2,653 Points:713,280 Joined:Mar 2011	Message Posted: Jan 23, 2013 9:01:54 AM Ignore studebaker1940 Report Abuse Build more and better refineries
NedW Champion Author Indianapolis Posts:5,750 Points:1,167,995 Joined:Mar 2008	Message Posted: Jan 23, 2013 7:13:43 AM Ignore NedW Report Abuse So are production levels.
virostek Veteran Author Virginia Posts:423 Points:90,285 Joined:Oct 2012	Message Posted: Jan 23, 2013 6:50:46 AM Ignore virostek Report Abuse OK.
WalkingWV Champion Author West Virginia Posts:3,755 Points:788,930 Joined:May 2008	Message Posted: Jan 23, 2013 1:19:48 AM Ignore WalkingWV Report Abuse Gas jumped 35¢ here yesterday, jeesh I'm po'd! #3.49
kgbellman Champion Author Ann Arbor Posts:2,854 Points:759,540 Joined:Mar 2011	Message Posted: Jan 23, 2013 12:50:50 AM Ignore kgbellman Report Abuse In general, that's what happens when times are tough, unemployment is high, then you come close to doubling the price in the past 10 years
ican2step Champion Author Pittsburgh Posts:1,811 Points:452,400 Joined:Feb 2012	Message Posted: Jan 23, 2013 12:49:40 AM Ignore ican2step Report Abuse So then why isn't the price plummeting?
bvrbill Champion Author Eugene Posts:3,440 Points:546,000 Joined:Jul 2011	Message Posted: Jan 23, 2013 12:47:53 AM Ignore bvrbill Report Abuse Good. We need more fuel efficient vehicles.
Tigercat88 Champion Author North Carolina Posts:3,337 Points:644,565 Joined:Jul 2011	Message Posted: Jan 23, 2013 12:43:27 AM Ignore Tigercat88 Report Abuse They will find a way to spin it so prices will continue to go up.
Robert44 Champion Author Columbus Posts:3,668 Points:1,244,205 Joined:Mar 2004	Message Posted: Jan 23, 2013 12:43:02 AM Ignore Robert44 Report Abuse HIGH Gasoline prices = LOWER Miles driven
RogerB2 Rookie Author Indianapolis Posts:83 Points:18,785 Joined:Jan 2013	Message Posted: Jan 23, 2013 12:41:39 AM Ignore RogerB2 Report Abuse OK
Zonk Champion Author Michigan Posts:6,621 Points:2,130,465 Joined:Oct 2005	Message Posted: Jan 23, 2013 12:40:53 AM Ignore Zonk Report Abuse Pump prices will not be significantly lower. Increased exports will keep prices from dropping.
MrPony Veteran Author North Carolina Posts:439 Points:414,295 Joined:Jul 2004	Message Posted: Jan 23, 2013 12:40:31 AM Ignore MrPony Report Abuse Nobody can afford gas anymore!
RichWLIN Champion Author Indiana Posts:4,250 Points:666,565 Joined:Jun 2011	Message Posted: Jan 23, 2013 12:39:47 AM Ignore RichWLIN Report Abuse Can't afford to drive us much when 15% are unemployed or underemployed.
JohnofGB Champion Author Flint Posts:5,561 Points:1,123,895 Joined:Feb 2010	Message Posted: Jan 23, 2013 12:39:14 AM Ignore JohnofGB Report Abuse With high prices and cars that get better mileage, its no wonder.
Goat2008 Champion Author Ontario Posts:1,290 Points:846,650 Joined:Aug 2008	Message Posted: Jan 23, 2013 12:38:05 AM Ignore Goat2008 Report Abuse ok
Doomsday64 All-Star Author Austin Posts:905 Points:353,350 Joined:Apr 2011	Message Posted: Jan 23, 2013 12:36:11 AM Ignore Doomsday64 Report Abuse Excellent!!!
southrob Champion Author Tucson Posts:3,736 Points:714,900 Joined:Mar 2011	Message Posted: Jan 23, 2013 12:35:15 AM Ignore southrob Report Abuse dhan
FrankTA2 Champion Author New York Posts:4,407 Points:1,121,690 Joined:Jun 2007	Message Posted: Jan 23, 2013 12:34:51 AM Ignore FrankTA2 Report Abuse Excellent!!!
unicornpmb Champion Author Buffalo Posts:8,631 Points:1,657,215 Joined:Sep 2005	Message Posted: Jan 23, 2013 12:34:50 AM Ignore unicornpmb Report Abuse Wonder what the reason could be? Does it have anything to do with the high cost of driving?
pyndasky Champion Author Maryland Posts:10,144 Points:1,809,505 Joined:May 2008	Message Posted: Jan 23, 2013 12:31:07 AM Ignore pyndasky Report Abuse even more reason for them to raise prices..... gotta keep up those profits!!!
Bigwaynef Champion Author South Carolina Posts:11,674 Points:2,108,435 Joined:Dec 2006	Message Posted: Jan 23, 2013 12:28:33 AM Ignore Bigwaynef Report Abuse They haven't flipped the coin yet on prices...
sehonda Champion Author Honolulu Posts:2,108 Points:930,810 Joined:May 2009	Message Posted: Jan 23, 2013 12:28:06 AM Ignore sehonda Report Abuse high prices more than make up the 2%
jrsva Champion Author Virginia Posts:9,999 Points:1,639,950 Joined:Jan 2006	Message Posted: Jan 23, 2013 12:27:58 AM Ignore jrsva Report Abuse “Too many electric cars.” Ha! Possibly they could account for a 0.1% drop but not 2%. The main cause is greater fuel efficiency and fewer miles traveled.
Jmac2008 Champion Author Missouri Posts:2,411 Points:907,865 Joined:Dec 2008	Message Posted: Jan 23, 2013 12:26:55 AM Ignore Jmac2008 Report Abuse that is because prices are the highest that they have been in 16 years.
goldrose1 Champion Author Cleveland Posts:11,071 Points:1,949,605 Joined:Feb 2005	Message Posted: Jan 23, 2013 12:26:54 AM Ignore goldrose1 Report Abuse OK
pa79th Champion Author Pennsylvania Posts:1,922 Points:1,243,800 Joined:Jun 2007	Message Posted: Jan 23, 2013 12:25:43 AM Ignore pa79th Report Abuse That's because so many people are out of work and broke thanks to the COOTWH.
LKnight598 All-Star Author South Carolina Posts:927 Points:209,240 Joined:Nov 2005	Message Posted: Jan 23, 2013 12:25:42 AM Ignore LKnight598 Report Abuse Doesn't that mean prices should be coming down???
crmedic Champion Author Arkansas Posts:2,909 Points:249,075 Joined:Jul 2011	Message Posted: Jan 23, 2013 12:25:35 AM Ignore crmedic Report Abuse Still waiting for this price drop!
regout Champion Author Quebec Posts:3,095 Points:860,405 Joined:May 2010	Message Posted: Jan 23, 2013 12:24:17 AM Ignore regout Report Abuse Well maybe the price will fall.
tedjm1 Champion Author New York Posts:5,609 Points:800,300 Joined:Dec 2006	Message Posted: Jan 23, 2013 12:23:17 AM Ignore tedjm1 Report Abuse Okay
BobD2009 Champion Author Long Island Posts:7,129 Points:1,267,485 Joined:Apr 2009	Message Posted: Jan 23, 2013 12:20:40 AM Ignore BobD2009 Report Abuse Those out of work aren't buying much gasoline.
Matt G Champion Author Boston Posts:4,673 Points:2,800,740 Joined:Jun 2004	Message Posted: Jan 23, 2013 12:20:38 AM Ignore Matt G Report Abuse Too many electric cars
crreed1 Champion Author West Virginia Posts:2,100 Points:2,550,715 Joined:May 2005	Message Posted: Jan 23, 2013 12:20:15 AM Ignore crreed1 Report Abuse now more taxes
5Golfer8 Champion Author Tucson Posts:2,263 Points:326,925 Joined:Jun 2011	Message Posted: Jan 23, 2013 12:19:33 AM Ignore 5Golfer8 Report Abuse Without any jobs who can afford to travel?
VetteFan Champion Author Indiana Posts:9,879 Points:2,056,180 Joined:Aug 2005	Message Posted: Jan 23, 2013 12:19:13 AM Ignore VetteFan Report Abuse Good for us.
TXRanger09 Champion Author Dallas Posts:2,609 Points:914,010 Joined:May 2009	Message Posted: Jan 23, 2013 12:18:17 AM Ignore TXRanger09 Report Abuse The US consumer IS capable of using less fuel. My teenagers take turns carpooling with friends and all throwing in on the gas! In my day, if you had a car, you drove it everywhere. Different mind set today. A good thing.
GasholeMI Champion Author Lansing Posts:10,279 Points:1,745,690 Joined:Jul 2008	Message Posted: Jan 23, 2013 12:17:10 AM Ignore GasholeMI Report Abuse Those millions of people without jobs are no longer driving to work every day.
cheaper0ON Champion Author Ontario Posts:1,123 Points:425,755 Joined:Jan 2012	Message Posted: Jan 23, 2013 12:16:59 AM Ignore cheaper0ON Report Abuse WOW!!!
GAS1251 Champion Author Texas Posts:5,293 Points:1,653,910 Joined:Jun 2008	Message Posted: Jan 23, 2013 12:15:53 AM Ignore GAS1251 Report Abuse So now we have to pay more in taxes to make up for the shortfall. Or else they'll turn all the highways into toll roads.
Sneakers55 Champion Author Houston Posts:51,850 Points:2,169,375 Joined:Nov 2005	Message Posted: Jan 23, 2013 12:15:04 AM Ignore Sneakers55 Report Abuse On Jan 22, 2013 10:41:28 PM, suzmar wrote: >This is what happens when you have an economy that has been in >recession since 2009. Actually, the recession began in late 2007. I was working 10:30-7:00 around those days so I could listen to NPR Morning Edition before heading to work and NPR All Things Considered before heading home. Most of 2008 was spent anticipating "which company will go bankrupt today?" Remember, TARP was a Bush-43 program. Things started turning around in the middle of 2009 although it was September before I went into an involuntary retirement.
Rageagainsttm Champion Author Tampa Posts:8,422 Points:1,927,885 Joined:Jul 2007	Message Posted: Jan 23, 2013 12:13:35 AM Ignore Rageagainsttm Report Abuse That's great.
RAKARWOWSKI Champion Author Chicago Posts:4,140 Points:848,725 Joined:Jan 2011	Message Posted: Jan 23, 2013 12:12:54 AM Ignore RAKARWOWSKI Report Abuse We are being screwed.
Glock26 Champion Author Dayton Posts:1,654 Points:658,135 Joined:Mar 2011	Message Posted: Jan 23, 2013 12:12:06 AM Ignore Glock26 Report Abuse Good!!!
PrinceLH Champion Author Ontario Posts:2,832 Points:565,745 Joined:Jun 2011	Message Posted: Jan 23, 2013 12:11:51 AM Ignore PrinceLH Report Abuse We are getting totally shafted and nothing is being done about it!
obimerrill Champion Author Cincinnati Posts:1,580 Points:317,415 Joined:Jul 2012	Message Posted: Jan 23, 2013 12:10:19 AM Ignore obimerrill Report Abuse Yet prices remain high due to speculators, taxes, and regulatory burdens...oh yeah and oil company profits!
SUSANCK Champion Author Chicago Posts:3,782 Points:732,205 Joined:Apr 2011	Message Posted: Jan 23, 2013 12:10:17 AM Ignore SUSANCK Report Abuse HELLO...WHAT???
Aviator_Rob Champion Author New York Posts:3,992 Points:440,815 Joined:Mar 2012	Message Posted: Jan 23, 2013 12:10:16 AM Ignore Aviator_Rob Report Abuse Do you know many Democrats that say we should lower taxes on investing, @texashoudini? Show me a speculator and I'll bet he or she is a Republican. Almost a sure thing as far as bets go.
Steve6921 Sophomore Author New Hampshire Posts:104 Points:157,080 Joined:Aug 2012	Message Posted: Jan 23, 2013 12:09:37 AM Ignore Steve6921 Report Abuse THEN GAS PRICES SHOULD DROP