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US Gasoline Demand Drops 0.03% in July But Total Petroleum Demand Up 3.8%

At 9.3 million barrels a day, US gasoline deliveries (a measure of demand) fell slightly (0.03%)in July 2010 compared with July 2009, continuing weak deliveries for the first half of the year, according to figures from the American Petroleum Institute (API). Except for 2008, it was the lowest July gasoline demand number since 2003.

Total petroleum demand, on the other hand, rose 3.8% in July over a year ago. This includes a strong 11.6% increase for deliveries of low sulfur distillates, which are primarily diesel fuels used in trucking, and a 6.9% increase in kerosine jet fuel deliveries.

Domestic crude oil production rose marginally in July over June 2010 to 5.4 million barrels per day. That was down 0.4% from July 2009 but still higher than any other July since 2004. US drilling activity increased over June, according to Baker Hughes Inc.

US refineries produced 9.4 million barrels of gasoline a day in July, up from June and from a year before, which helped raise refinery utilization rates to 87.4%, marking the third consecutive monthly increase. Total product imports for July at 2.1 million barrels a day were down, but gasoline imports including blending components were up 4.1% from the previous July. Crude oil imports rose by 5.6% from July a year ago to 9.6 million barrels per day. Crude oil and gasoline stocks continued to build from June levels and also were up from July a year ago. Distillate stocks were up from June but down from July a year ago.

Comments

Reel$$

"gasoline imports including blending components were up 4.1% from the previous July. Crude oil imports rose by 5.6% from July a year ago to 9.6 million barrels per day."

This is where much of our money is going. THIS is why the push to electrification must not falter. Only when these number start to decrease will the turn toward sustainability have meaning.

Good to hear that VW is readying EV entries with higher AERs.

luis

i doubt those numbers,in 2003 there were no ethanol
now 10% of gasoline is blended with etanol
so consume of gasoline have down more.
the oil lobby work hard to hide the down.

HarveyD

Good point Luis: Gasoline stats include ethanol blends. Higher efficiency cars may start to have a positive effect and contribute to lower gasoline consumption. Another reason is the continued economic down turn. The 16+% people without a job travel less.

Why is diesel (mostly trucks) and jet fuel consumption going up? It is because both fleets are getting older and consume more? Something must be done with those two because they can more than offset the gains (lower consumption) from cars.

Hauling freight by train could help. Airplanes will take a long time (30 years) to change.

Alberta Tar sands will be going strong for decades.

Roger Pham

Why is diesel and jet fuel consumption going up? Globalism...Internet merchandizing...

HarveyD

RP: You have a good point. Merchandise do move around more than a decade ago, specially from China.

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