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API: 1H 2010 US Gasoline Demand 0.6% Lower Than Last Year; Distillate Demand Up 2.1%
25 July 2010
Reflecting the ongoing sluggish economic recovery, US gasoline deliveries for the first half of 2010 averaged 8.88 million barrels per day, 0.6% lower than the corresponding period a year ago, according to the American Petroleum Institute’s (API) Monthly Statistical Report for June.
June gasoline deliveries of 9.18 million barrel per day were the lowest level for any June since 2004 and were 0.5% lower than June 2009 deliveries, the report noted.
Even as gasoline demand remained depressed, distillate (home heating and diesel) demand—which tends to track economic output closely—improved in both the first half of the year and for June. First-half low sulfur distillate deliveries jumped 2.1% from 2009 to average 3.29 million barrels per day in 2010; June low-sulfur distillate deliveries surged 12.3% from last year to average 3.51 million barrels per day for June 2010.
Total US crude oil production averaged 5.47 million barrels per day in the first half of 2010, 3.5% higher than last year’s 5.29 million barrels per day. For June, crude production in the Lower 48 states rose 3.9% to 4.8 million barrels per day, while Alaskan production dipped 2.6% to 556,000 barrels per day after some North Slope operators reduced production in the middle of the month. Historically, production wanes in the summer in Alaska due to maintenance work and lower operational efficiency in warmer weather.
US refinery operations continued to improve in June relative to May this year, with production of all products, except residential fuel oil, improving in June. Inputs to crude distillate units averaged 15.3 million barrels per day, a 0.6 increase from May, and the fifth consecutive monthly increase. For the first half of 2010, refinery inputs of 14.84 million barrels per day were 1.3% higher this year than last.
July 25, 2010 in Brief | Permalink | Comments (5) | TrackBack (0)
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Total Oil product consumption follows economic activities. It seems that one of the best way to reduce oil imports is with continued economic downturns. It is a matter of plain $$$ availability. As soon as recovery picks up, oil consumption will hit records again. That is the nature of our nation.
Posted by: HarveyD | July 25, 2010 at 07:09 AM
Alot of wasteful people fueled thier addiction to suvs and massive trucks with home loans and rapidly expanding home values.
Thats gone now and with it went alot of suvs and trucks and horses and boats. But we still are getting a massive influx of new people legal and otherwise so...
Posted by: wintermane2000 | July 25, 2010 at 06:09 PM
Right, reduce economic activity and throw millions of working men and women out on to the streets.
Kommst the Revolution.
Posted by: Mannstein | July 25, 2010 at 06:12 PM
I really do wish the authors of these articles knew what they were talking about.
The USA has now continued to have its Oil demand decline for the 10th year in a row. It is probably true that demand declined this past year partially due to the bad economic times. But it would have declined any ways, but maybe just not as much.
The rest of the industrialized world has joined in. and all are seeing Oil demand decline, now.
The forty year effort to find petroleum substitutes is bearing fruit and we are on the verge of even more dramatic declines. Advances in fuel efficiency of all vehicles large and small is having an effect. Non -Transport markets are disappearing for petroleum suppliers.
For example, No one uses Petroleum to generate electricity any more; and HVAC uses have declined. Industry has converted to other sources and Petroleum as a chemical feedstock has declined dramatically.
After all the hectoring, I do wish the naysayers would finally admit their efforts have had some effect.
Posted by: Stan Peterson | July 26, 2010 at 11:17 AM
I heard that the Empire State building takes the power of 40,000 homes and that buildings use more than 40% of our energy. If we can continue to make advances on the demand side while making the supply side more efficient and renewable, we can make some progress.
People equate economy with energy as if we use more the more prosperous we are. We can have a good economy and use LESS energy if we do this wisely. The false arguments continue to cloud the issue. The fear factor is that if we use less energy we will have a poor economy. Well, we use LOTS of energy now and the economy is not good, so we are suppose to use more and it will get better? I don't think so.
Posted by: SJC | July 28, 2010 at 01:15 PM