Not Logged In Log In   Sign Up   Points Leaders
Follow Us    2:59 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:11,452
Points:2,949,675
Joined:Oct 2006
Message Posted: Jan 26, 2013 3:26:27 AM

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

Posts:7,064
Points:1,538,735
Joined:Mar 2011
Message Posted: Jan 25, 2013 10:09:05 PM

crooks
jetskijerry
Champion Author North Carolina

Posts:7,064
Points:1,538,735
Joined:Mar 2011
Message Posted: Jan 25, 2013 10:08:57 PM

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

Posts:50,654
Points:2,850,645
Joined:Sep 2005
Message Posted: Jan 25, 2013 8:27:29 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:9,686
Points:1,517,925
Joined:May 2011
Message Posted: Jan 24, 2013 9:39:39 PM

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:24,091
Points:2,393,340
Joined:Nov 2008
Message Posted: Jan 22, 2013 3:01:26 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 21, 2013 10:20:08 PM

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 7:49:42 PM

balls
car253
Champion Author Ohio

Posts:9,324
Points:2,206,665
Joined:Oct 2008
Message Posted: Jan 21, 2013 4:10:54 PM

Prices up here.
rbrowdersr
Champion Author Detroit

Posts:6,492
Points:2,328,130
Joined:Aug 2006
Message Posted: Jan 21, 2013 9:13:49 AM

Gas prices still up.
rtw777
Champion Author Florida

Posts:12,653
Points:2,625,020
Joined:Jan 2008
Message Posted: Jan 21, 2013 8:27:40 AM

Demand down yet prices are up.
txrojo2005
Champion Author Austin

Posts:1,476
Points:1,114,975
Joined:May 2011
Message Posted: Jan 21, 2013 8:16:30 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:9,027
Points:2,646,835
Joined:Apr 2006
Message Posted: Jan 21, 2013 8:13:28 AM

no erosion in gasoline prices
craigsf38
Champion Author Rochester

Posts:8,963
Points:2,293,630
Joined:Jun 2008
Message Posted: Jan 21, 2013 7:47:07 AM

OLD NEWS
Ticobird
Champion Author Huntsville

Posts:5,470
Points:1,785,650
Joined:Oct 2009
Message Posted: Jan 21, 2013 7:45:50 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:4,099
Points:1,869,720
Joined:Jan 2005
Message Posted: Jan 21, 2013 7:40:26 AM

That was the goal, right?
jethro5000
Champion Author Kentucky

Posts:5,163
Points:1,167,665
Joined:Jun 2005
Message Posted: Jan 21, 2013 7:40:02 AM

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

Posts:4,044
Points:1,712,020
Joined:Jan 2007
Message Posted: Jan 21, 2013 7:35:56 AM

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

Posts:3,344
Points:1,884,380
Joined:Jan 2007
Message Posted: Jan 21, 2013 7:35:29 AM

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

Posts:4,242
Points:1,435,235
Joined:Feb 2011
Message Posted: Jan 21, 2013 7:34:48 AM

Very Old News
mia3bxs
All-Star Author Miami

Posts:517
Points:860,590
Joined:Jul 2011
Message Posted: Jan 21, 2013 7:34:42 AM

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

Posts:6,621
Points:1,395,910
Joined:Dec 2007
Message Posted: Jan 21, 2013 7:34:32 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:29,028
Points:2,656,985
Joined:Jun 2005
Message Posted: Jan 21, 2013 7:33:31 AM

old old news.
lonewolfhead
Champion Author Texas

Posts:1,917
Points:1,214,110
Joined:Aug 2011
Message Posted: Jan 21, 2013 7:33:20 AM

Old news
Bill100
Champion Author Grand Rapids

Posts:45,951
Points:1,896,605
Joined:Jan 2010
Message Posted: Jan 21, 2013 7:31:54 AM

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

Posts:3,739
Points:1,829,155
Joined:Aug 2005
Message Posted: Jan 21, 2013 7:31:47 AM

Old news
Don20
Champion Author Oklahoma City

Posts:12,905
Points:3,386,610
Joined:Mar 2005
Message Posted: Jan 21, 2013 7:30:56 AM

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

Posts:3,900
Points:1,448,970
Joined:Dec 2010
Message Posted: Jan 21, 2013 7:30:40 AM

Repeat
HawaiianGuy
Champion Author Idaho

Posts:12,751
Points:3,848,865
Joined:May 2003
Message Posted: Jan 21, 2013 7:30:32 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:8,848
Points:2,331,575
Joined:Aug 2006
Message Posted: Jan 21, 2013 7:30:08 AM

Good. Arctic drilling getting reevaluation.
MightyDude
Champion Author Minnesota

Posts:13,650
Points:3,430,775
Joined:Mar 2003
Message Posted: Jan 21, 2013 7:29:09 AM

justifying pump price increase
pastorpaulcg
Champion Author Virginia

Posts:3,615
Points:778,435
Joined:Dec 2010
Message Posted: Jan 21, 2013 7:28:41 AM

This article needs to erode
CheckitoutGuy
Champion Author San Diego

Posts:1,328
Points:794,955
Joined:Mar 2008
Message Posted: Jan 21, 2013 7:28:12 AM

Old Guys Rule
Pozole
Champion Author Portland

Posts:18,879
Points:2,377,995
Joined:Mar 2005
Message Posted: Jan 21, 2013 7:27:35 AM

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

Posts:5,498
Points:3,127,485
Joined:Sep 2005
Message Posted: Jan 21, 2013 7:27:28 AM

REAL OLD
AcuraTSX
Champion Author Ohio

Posts:6,866
Points:2,911,440
Joined:Dec 2005
Message Posted: Jan 21, 2013 7:27:02 AM

old
skb69sa
Champion Author San Antonio

Posts:6,515
Points:1,447,850
Joined:Mar 2011
Message Posted: Jan 21, 2013 7:26:13 AM

Old news
Lbro
Champion Author Denver

Posts:3,109
Points:788,980
Joined:Jan 2004
Message Posted: Jan 21, 2013 7:25:57 AM

Good news!
barbs24
Champion Author Virginia Beach

Posts:6,060
Points:2,802,870
Joined:Feb 2006
Message Posted: Jan 21, 2013 7:25:27 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 7:25:02 AM

interesting, what will happen next
PackerfanMN
Champion Author Twin Cities

Posts:3,056
Points:775,570
Joined:Nov 2011
Message Posted: Jan 21, 2013 7:25:00 AM

Well said Rednix
99church
Champion Author Indiana

Posts:5,046
Points:1,134,290
Joined:Oct 2011
Message Posted: Jan 21, 2013 7:23:22 AM

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

Posts:9,716
Points:1,521,545
Joined:Jun 2008
Message Posted: Jan 21, 2013 7:22:59 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:2,253,580
Joined:Dec 2007
Message Posted: Jan 21, 2013 7:22:41 AM

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

Posts:9,282
Points:2,045,435
Joined:Jul 2009
Message Posted: Jan 21, 2013 7:20:10 AM

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

Posts:14,928
Points:3,009,790
Joined:May 2004
Message Posted: Jan 21, 2013 7:20:03 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:9,616
Points:2,294,925
Joined:Jan 2009
Message Posted: Jan 21, 2013 7:19:10 AM

Old Story
JohnLM
Champion Author Orlando

Posts:1,130
Points:696,135
Joined:May 2010
Message Posted: Jan 21, 2013 7:17:50 AM

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

Posts:9,439
Points:1,937,640
Joined:Aug 2004
Message Posted: Jan 21, 2013 7:17:10 AM

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

Posts:9,640
Points:2,729,370
Joined:Sep 2007
Message Posted: Jan 21, 2013 7:16:17 AM

Old
Old Timer
Champion Author Akron

Posts:6,893
Points:2,024,095
Joined:Sep 2003
Message Posted: Jan 21, 2013 7:15:49 AM

Old news.
Post a reply Back to Topics