Skip to comments.Retail gasoline sales down 50% since 2007
Posted on 10/06/2012 8:50:38 AM PDT by Zhang Fei
Here are some interesting stats on retail gasoline sales from the Department of Energy:
Must be because of those massive Volt sales. /s
I think I responded to you on another thread...how can this be? After all, I am still stuck in the same traffic jams every time I go to work (Greater Boston area). You would think that if gasoline sales were cut in half, we would be seeing a lot less traffic out there.
Obama will take credit. It was his plan to throw millions of Americans out of work to end our dependence on foreign oil.
Perhaps with 23 million people out of work and only half of the college grads finding work, a lot less people are doing a daily trek.
They are DOE numbers, of which 30 years' worth are on that chart. I don't know what to tell you, except to say that perhaps plenty of non-freeway traffic outside of rush hour isn't happening today. Think about retail. Restaurants. Construction.
People can’t afford to drive anywhere, and there are millions who no longer need to drive to work. Home energy costs have probably risen, but that too will drop as more people transition to living around dumpsters and in tent cities. The Oconomy is cleaning up the environment despite the colossal failure of green energy investments.
Very odd indeed.
If gas sales are down 50%, then why are prices at records?
But, but, but...there is a massive “recovery” going on. Zero and the Ministry of Propaganda say so....
The data doesn’t pass the smell test. No data coming from barky’s regime should be trusted.
I quit my gasoline addiction in 2002, and became a dedicated walker. I haven’t had any kind of emergency where I needed public transportation or a ride from a friend in at least 2 years.
Two people in my community got these mopeds at first to save gas, but then ended up getting rid of their cars, because they just stop using them.
An elderly man up the street has a little cottage business where he takes weed eater engines (I think) and attaches them to bicycles... some of them look like they’re ripping by at 40mph+.
When people do without, they learn new habits, a lot of them are going to figure that they’d just as soon keep that money they used to spend on car payments, insurance, gasoline, oil changes, repairs...
Ping to thackney on this one.
I’ve been retired since 2008. About two weeks ago I drove my “old” commute route at 8:15 am, one that I’d driven for fifteen years.
I was astonished at how little traffic there was. What used to be a 25 min. rush hour commute took me 12-13 minutes.
“Where are all the cars? Where is everybody?”
The only thing I could conclude was that REAL UNEMPLOYMENT IS 20%!!!! EVERYONE’S AT HOME BECAUSE NO ONE HAS JOBS!!!!
My guess? Non-US demand for oil is increasing in leaps and bounds. Production isn't increasing by enough to lower prices:
I am seeing a lot less traffic here in Ohio.Our farm is on a main highway and it’s very noticable how many fewer cars are on the road.Fewer trains running on the CSX tracks behind our farm too.The major cities like yours may still be crowded with traffic,but out here it’s a lot less than a few years ago.
Well come to think of it, there does seem to be less weekend traffic. Maybe people are just driving to and from their jobs (those that work) and that’s about it.
It means that there is a lot less commerce going on out there especially the construction sector.
That explains where all those new jobs are coming from — selling bicycles and cleaning up behind horses.
I am wondering about the methodology for this data because it doesn’t add up to real consumption. For instance why was there a sudden 20% drop between September and October 2011 last year? From 2008 to then was a straight line down, but then a big stepwise jump.
Is this the full set of refiners? Could it be only domestic refineries and the difference more refined gas from other countries?
ding ding ding
Home energy usage is going down because families such as ours are very stringent in cutting energy waste: no TVs, radios, lights, computers running when they are not used; air conditioning set at 79 in summer and heating at 69 in winter, no outdoor lighting except one security light, doing the laundry at off-peak hours.
There are many ways to cut sky-rocketing utility bills....but we still plan to have our own generator and go completely off the grid out here in rural America.
The price has doubled, so Obama’s friends in Big Oil are getting the same money for half the gasoline. Where’s the outrage?
With cars running half the normal mileage, they’re going to last a lot longer, producing a long-range impact on the auto industry, including Government Motors.
Staggering, indeed. 40% drop from his inauguration January 2009!
Mother Gaia is very pleased with all of our collective efforts.
You sure wouldn’t know it here in Silicon Valley. Tech is booming and the roads are clogged. My 8 mile commute often takes 30 to 40 minutes.
I’m sure the new level of California gas prices in the last couple of weeks are going to depress consumption further and any action against Iran is going to compound it. If he tries real hard, Obastard might get consumption down 75% by Inauguration Day.
You are so right.
In addition, some of the people who still have jobs are moving closer to the job to shorten their commute. I think there is a lot more telecommuting happening and a lot fewer business trips, too. Those are smaller factors, but they all contribute.
WEll DUH! No one has a job to drive to anymore,,so there is no need for the fuel because either they don’t work or their cars have been repo’d.
Since there are NOW close to 25 MILLIONS who are NOW out of work that used to work, that accounts for a substantial amount of the population.
Since MOST people are married and have children, it relates to at least 50,000,000 people that have lowered household income and therefore fewer people drive. That is more people than the population of New York and Texas COMBINED>
That explains allot!
debasement of the currency. For those who were educated in govment screwls INFLATION
Rush-hour traffic is people going to work, hard to cut down on that unless you quit your job.
The reduction is all the other driving to stores, weekend trips, and vacations.
Why Is Gasoline Consumption Tanking?
That is one stunning stat you uncovered.
This is RETAIL sales by the REFINER. It is sales to HUGE customers. I think the decline is because of changes in agricultural use — this last year because of the drought.
Although there is a steady month to month decline, it fell off a cliff between Sept and October 2011. It’s hard to imagine why .
Not believeing this at all.
But if she takes that shot, I wanna see the pic after she's been spun around and parked on her (obviously shapely ;-) fanny . . LOL
a lot less people are doing a daily trek.”
Try driving from the suburbs into and around Houston, particularly from 6-9 a.m. and 4-7 p.m. Seems as if the whole world has moved here.
Come on! If you are serious, apply basic economics. When price goes up, demand goes down--not vice versa.
You shouldn't. I believe there is a good explanation in post #13.
Ag uses relatively little gasoline, mostly diesel, even down to the pickup truck level of vehicles.
“Seems as if the whole world has moved here.”
That’s what happens as a result of Texas being recognized as a great state in which to do business. Companies move there, deserting that list of Dem controlled states which are losing their jobs, companies and people.
Vice versa would mean that when price goes down, demand goes up.
You disagree with this, lol? Demand has not supported the domestic retail price of gasoline for several years now. Every excuse in the world has been used to rationalize it.
Another basic economic truism would be that weak demand leads to a decline in price. Domestic demand for gasoline has proven not to be as inelastic as was supposed, therefore gasoline is not price inelastic, either, despite all the hot air expended upon the topic.
Isn't the building block of gasoline, crude oil, basically priced by world demand?
China is mfg 15 million cars a year now.
This all begs a question. If prices have doubled under Obama, while demand has been cut in half. What would be the gas prices with higher demand, a higher demand that would be associated with ‘some’ prosperity? It seems we are facing quite a head wind, no?
You are leaving out 2 very important things.
1) The dollar has been devalued due to “quantitative easing” otherwise known as monetizing debt. The resulting inflation has been completely ignored by the MSM. Compare what you spent on basic groceries prior to 2007 (when the Dems took over the house and senate) compared to now.
2) Petroleum is a fungible commodity. Just because demand in the USA dropped, doesn’t mean demand dropped worldwide. China is busy creating a middle class, and they want cars.