Green Car Congress  
Go to GCC Discussions forum About GCC Contact  RSS Subscribe Twitter headlines

« Westport Awarded A$1.4 Million for LNG Truck Evaluation from Australian Government | Main | President Bush Issues Executive Order to Agencies to Reduce Fuel Consumption, Use Biofuels and Buy Plug-in Hybrid Vehicles »

Print this post

Total US Petroleum Deliveries Fell 1.1% in 2006; Gasoline and Diesel Deliveries Increased

24 January 2007

In 2006, total US petroleum deliveries—a measure of demand—fell 1.1% from 2005 to a level even lower than that of two years ago, according to the latest statistical report from the American Petroleum Institute (API).

Deliveries of gasoline, however, increased a modest 0.8%, and deliveries of distillate fuel oil (highway diesel and heating oil) rose 1.3%. The largest decrease in deliveries was a nearly 27% drop in residual fuel oil, as industrial and electric utility facilities shifted to natural gas. Jet fuel deliveries fell 2.8% as airlines continued to economize on fuel.

The year’s higher volume of gasoline deliveries was, in effect, met entirely by a substantial jump in the blending of ethanol into gasoline, according to the organization.

Ethanol use in gasoline rose by more than 1 billion gallons, or nearly 35 percent, to an estimated 5.4 billion gallons in 2006. More than 40 percent of all gasoline consumed in the US now includes some percentage of ethanol.

The API noted that with the rapid drop in retail prices later in the year, the second half’s growth in gasoline deliveries strengthened compared with the first.

By the fourth quarter, the new ultra low-sulfur diesel accounted for most of the fuel used by on-highway diesel trucks and for about one-fifth of all US highway fuel.

Overall, US refineries and blenders produced record amounts of gasoline and distillate fuel oil in 2006, with output of gasoline rising nearly 2% and distillate, 2.7%. Refinery capacity expanded for the tenth year in a row, averaging nearly 17.4 million barrels per day.

Since 1996, refiners have expanded capacity by more than 2 million barrels per day, or 14%. Total petroleum imports, reflecting the year’s decline in demand, fell slightly short of the prior year’s at 13.6 million barrels per day.

While crude oil imports edged up 0.5% for the year, product imports dropped 1.9% from 2005’s record high. Overall, imports of crude oil and products accounted for 66 percent of domestic petroleum use for the year.

US crude oil production slipped 1.1% in 2006 because of a sharp, 12.1% decline in Alaska. Lower 48 output, however, saw its first increase in six years, which included not just recovery on the Gulf Coast following 2005’s hurricanes, but new production elsewhere in the US.

API data show that 2006 oil well completions were the highest in eighteen years, and natural gas completions reached an all-time high. Crude oil inventories ended the year at 318 million barrels, down about 2% from 2005’s eleven-year peak, but still well above the recent five-year average.

With the mild winter weather so far this season, distillate inventories remained high at 6.5 percent above a year ago. Gasoline inventories rebounded by more than 10 million barrels during December to 211.6 million barrels, about 1.6 percent higher than a year earlier.

January 24, 2007 in Fuels, Oil | Permalink | Comments (1) | TrackBack (0)

TrackBack

TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d8341c4fbe53ef00d834dd26a353ef

Listed below are links to weblogs that reference Total US Petroleum Deliveries Fell 1.1% in 2006; Gasoline and Diesel Deliveries Increased :

Comments

Those higher than average distillate stocks will shrink considerably by Feb.

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Green Car Congress © 2013 BioAge Group, LLC. All Rights Reserved. | Home | BioAge Group