Skip to comments.Another Plunge in 3-Month Rolling Average of Petroleum and Gasoline Usage
Posted on 03/11/2012 9:01:38 AM PDT by Kaslin
he following chart shows U.S. petroleum and gasoline usage for December-February compared with the same three months in prior years. Chart is courtesy of reader Tim Wallace.
Note that petroleum usage is back to December 1995 thru February 1996 levels. Gasoline usage is back to December 2001 thru February 2002 levels.
All data derived directly from the Data 10 section of the EIA download.
The daily average of each week in the listed month adds to the monthly total. Some months have four weeks others five, but over three months this tends to average out.
People are losing jobs left and right and can’t afford to fill the tank let alone buy one of these ridiculous $40K electric pieces of crap.
Yet the administration will dodder along acting like refuse smells like roses and the economy is coming up aces.
FUBO... over and over and over again... FUBO...
It’s hard to imagine a recovery where gas and oil usage are plunging.
I’m starting to miss Jimmy Carter.
That's because "we're in the money", everyones back to work and driving all over the place spending their wealth.....all the way up to November 6th. : D
WooHoo! Life is good once again! /s
(in our inexpensive planet saving 0bama hybrid vehicles)
I saw a couple of weeks ago a feature film made in one of the Soviet countries, they show major highways totally deserted, no truckers, no RVs, no cars, just a few motorbikes.
This is Obamas dream coming to reality, nobody drives, no trucking, no vacations, but plenty of recovery business for crippled and dying electric cars but only in the temperate zones as any electric car in the winter is useless.
And for some odd reason mule teams are making a comeback....
I wonder how much of the decline is due to the relatively warm winter.
when does the law of supply & demand kick in?.....storage facilities have to be drowning in oil
It's impossible, you know it, I know it, and the American people know it!
Wonder what that red line will look like when gas gets to about $5.50/gal?
I was wondering the same thing. The answer is in the data break down by gasoline / fuel oil / K-1. Our fuel oil bill was well below normal this year.
Joust vait untill gasolin is 10 bucks and heating oil is 14!
Any talk of a recovery, higher employment, higher economic activity is all Obama Propaganda.
Is this chart based on total consumption, or is it adjusted per capita?
Hard to believe those were better days looking at that picture, but I'd like to go back...if there was no disco.
The gas mileage on my vehicles goes down noticeably when it gets colder too. This graph compares a relatively warm 12/2011 - 02/2012 to a relatively cold 12/2010 - 02/2011.
You would think that home heating oil usage, which would manifest itself on the blue line, would be down but warmer winter weather in a normal economy should push gasoline usage up, all things considered.
People are probably hunkering down due to the gas price which will be bad news for the resorts, motels, rental car agencies, etc.
Improving economy? Keep telling yourself that, MSM.
I’m looking for a buggy whip factory to invest in. Keep your eyes open.
Gas cap locks were REAL popular too.
Exactly right. When Obama took office the gas price was $1.80 a gallon. We have added 33 million people to our population since 2000. The higher cost of gas reflects a down economy. Just look at the graph and see how gas usage surged during the 1990s. People are not driving as much period. The precipitous decline begins with the recession that started in 2008. The reality is that we are still in it. Take a look at the graph for food stamps to demonstrate how bad things really are.
By Josh Mitchell
January 30, 2012
The supply of goods being shipped by truck has been growing. The American Trucking Associations index of commercial truck shipments, by weight, rose a seasonally adjusted 6.8% in December from November. The 5.9% increase notched for the full year in 2011 was the largest since 1998. The trucking group attributed the gain to increased manufacturing production and restocking of inventories.
Gas was inching back up into the mid-2's which was sky high at the time.....for our entire time on the road, we probably saw less than 40 RVs; astounding, given that this was just past Memorial Day.
Coming back to California, we left Pecos, TX one morning around 8am and went for a full one hundred miles before we came to another westbound vehicle.
Disco wasn’t really that bad.
OK, I’ll bite.... how does “warmer winter” signify lower gasoline consumption?
Highways are empty here.
Lower heating oil consumption means less demand. That combined with lower domestic demand on gas, and higher global refining should equal lower prices domestically.
Hussein and the oil cartels are working on it though/s
Most everybody around here in Minnesota has noticed that their gas mileage goes down noticeably in very cold weather.
Gasoline is consumed to produce energy. The more of it that is used to heat the air for combustion, the more that is consumed, since the energy used for propulsion should be the same either way. I suppose there might be some small effect too from moving the vehicle through denser air the colder it gets, and more people warming up their cars before driving.
A warm winter will, however, cause consumption of natural gas and home heating oil to decline.
The interesting thing is that the fuel usage started to crater in late 2005 by this chart. I have created something I call the Biflation Index for a book I wrote that shows the economic peak also coming in 2005.
What this means is that the wheels started coming off the bus with compassionate conservatism, well before Obama, but has continued to accelerate. See my chart here, going back to ‘48.
Over the same period, the population has increased ... so the numbers are even worse and point to a continued economic recession if not depression.
Last year I saw this Billboard in Texas.
Yeah — if you’re young, you don’t realize that its because of the 70s gas crises that all cars now come with a locked gas hatch cover that can only be popped from inside the car as standard equipment.
Prior to the 70s, there was no locked hatch and no locking caps. When locking caps became popular in the 70s, they required a key, which was inconvenient.
So starting in the 80s cars started making hatches that could only be opened from inside the car. No extra key required.
We must be doing a good job of keeping our tires properly inflated.
It already has. We are importing less crude oil and even become an exporter of refined products (downstream of the refineries)>
People don’t believe it, but oil is are number one export.
What I find interesting is how divergent petroleum and gas usage have become. According to the chart, they remained relatively in sync from 1992 to 2007 with the exception of 1998-99 when petroleum usage spiked above gas usage. Now the gap is in the opposite direction and we are in a steeper decline with gas usage higher than petroleum usage.
There seems to be no doubt that there is a direct correlation between the state of the economy and oil/gas usage. The chart portrays a much more gloomy picture of the economy than the happy talk we have been hearing lately. And we have the anomaly of higher gas prices despite reduced demand. The declining value of the dollar, increased global demand from the emerging economies, and the situation in the ME contributes to the rising cost of oil. If this trend continues, this is not good news for the future no matter how one tries to spin it.
Got mine all pumped up!
Well, at least half of us know it. The other half still believe that the MARXIST in charge is gonna give them gas for free.
I've got a 2007 Cadillac CTS (not that I'll ever buy another GM product again in my life)that has no lock. Anybody could open it from the outside.
I guess they figure if you can afford a cadillac you can afford to have your gas stolen.
I'd expect that the number of miles driven commuting to work is driven by both the economy and also gas prices. When gas prices rise, more people find public transportation a better alternative. The general economy can affect miles driven by having more or less people having jobs to go to. I doubt that warm or cold weather would change the number of miles driven for commuting one way or the other.
Miles driven for purposes OTHER than work are probably more related to personal finances (particularly the effect of high gas prices) than how nice the weather is any particular day.
Haha, this is amusing, Newt visits an oil field to demonstrate to Obama that drilling works...
Even a Democrat-cultist dope can understand Obama economics once that chart pops up visually on national TV.
And Carl, you don't have to explain the chart with a 5-minute monotonous monologue. Remember, one picture is worth a thousand words.
Just hold up the graph, describe it in one word, "Obamanomics", and then shut the Fluke up and disappear from the screen.
Me too - thought it was a cool way to handle the lines. Of course, there were always the a-holes with the wrong plate trying to get a few qallons. We lived in California then and took our RV back to PA to see family when the crisis hit. Lined up, waiting for gas, people were snarling "Why don't you go back home?" and things started to get nasty when I snarled back, "What the Hell do you think I'm trying to do?" This same mindset is going to be pounding on your door when TSHTF.
Maryland we referred to as "The Planet Maryland". Super provincial and dog-eat-dog. We talked with a Winnebago owner who ran out of gas heading for the state line - no one would sell him gas. State trooper took him to a gas station and ordered the owner to sell the guy enough gas to get across the state line. He did so - at $8.00 a gallon. Been back to PA many times since, but will not spend ONE FRIGGING DIME in Maryland.
buh, buh...but....our economy is improving isn’t it? Don’t we hear this weekly with the impressive new jobs numbers (something like a 500 plus improvement from the week before - before it was adjusted downwards - again after 3 years)....After the impressive ballyhooed crowing by the media of “signs” of improvement?
After all the lack of reporting on increases in new home starts, actual high paying jobs, HIGH VOLUME and HIGH INCREASES in the stock market, coupled with record HIGH DEBT, historic high levels of public assistance in the form of EBT, EITC, AFDC, SNAP, WICs, SSI, SSDI, et al, don’t really mean anything, do they? I mean...Obama and his people couldn’t be lying, could they?
“People dont believe it, but oil is are number one export.”
Oil isn’t—petroleum products are. There’s nothing wrong with importing a raw material (e.g., crude oil), adding value (e.g., refining the crude oil to gasoline or jet fuel) and then exporting the final product at a profit. This is a GOOD THING. It creates (non taxpayer subsidized) jobs and wealth here in the US.
Only imbeciles, political demagogues and/or folks who don’t have even a rudimentary understanding of the industry (such as Bill O’Reilly) think that this is a bad thing.
And please don’t misunderstand me Theoria, I know that YOU understand all this but you’re absolutely right—MANY “People don’t believe it..”.
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