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Another Plunge in 3-Month Rolling Average of Petroleum and Gasoline Usage
Townhall.com ^ | March 11, 2012 | Mike Shedlock

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.




click on chart for sharper image


Contrary to popular belief, the decline in gasoline usage has little or nothing to do with cash-for clunkers or improved gas mileage in cars unless one fantasizes that gas mileage improvements started precisely in 2007.

Wallace comments "If this trend lasts for the rest of the year, Obama's stated goal of a 15% reduction in greenhouse gases based off 2005 numbers may be met this year instead of his 2015 goal."

Should that happen, I wonder how many will be happy with the economic result.


TOPICS: Business/Economy; Editorial
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1 posted on 03/11/2012 9:01:39 AM PDT by Kaslin
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To: Kaslin

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.

Idiots.

FUBO... over and over and over again... FUBO...


2 posted on 03/11/2012 9:06:25 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: Kaslin

It’s hard to imagine a recovery where gas and oil usage are plunging.


3 posted on 03/11/2012 9:06:32 AM PDT by MulberryDraw (Newt: "The high price of gas is the deliberate strategy of the left.")
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Comment #4 Removed by Moderator

To: Kaslin

I’m starting to miss Jimmy Carter.


5 posted on 03/11/2012 9:09:01 AM PDT by GBA (Natural Born American)
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To: Kaslin
Note that petroleum usage is back to December 1995 thru February 1996 levels.

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)

6 posted on 03/11/2012 9:09:16 AM PDT by EGPWS (Trust in God, question everyone else)
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To: GBA
I’m starting to miss Jimmy Carter.

Photobucket

7 posted on 03/11/2012 9:10:55 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Kaslin

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....


8 posted on 03/11/2012 9:11:06 AM PDT by Eye of Unk (Liberals need not reply.)
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To: Kaslin

I wonder how much of the decline is due to the relatively warm winter.


9 posted on 03/11/2012 9:11:13 AM PDT by Wissa (Gone Galt)
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To: MulberryDraw

when does the law of supply & demand kick in?.....storage facilities have to be drowning in oil


10 posted on 03/11/2012 9:11:42 AM PDT by stickywillie (a corrupt parallel universe exists beside our wonderful Constitution)
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To: MulberryDraw
It’s hard to imagine a recovery where gas and oil usage are plunging.

It's impossible, you know it, I know it, and the American people know it!

11 posted on 03/11/2012 9:12:45 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Kaslin

Wonder what that red line will look like when gas gets to about $5.50/gal?


12 posted on 03/11/2012 9:13:23 AM PDT by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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To: Wissa

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.


13 posted on 03/11/2012 9:13:43 AM PDT by Cboldt
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To: Kaslin

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.


14 posted on 03/11/2012 9:14:39 AM PDT by himno hero (Obamas theme...Death to America...The crusaders will pay!)
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To: Kaslin

Is this chart based on total consumption, or is it adjusted per capita?


15 posted on 03/11/2012 9:16:40 AM PDT by rottndog (Be Prepared for what's coming AFTER America....)
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To: EGPWS
Yep, that's me in that blue Ford, barely a teenager, with my newly minted DL in hand and places to go, people to see but stuck in Jimmy Carter's oil embargoed gas line.

Hard to believe those were better days looking at that picture, but I'd like to go back...if there was no disco.

16 posted on 03/11/2012 9:18:32 AM PDT by GBA (Natural Born American)
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To: Cboldt
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.

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.

17 posted on 03/11/2012 9:18:59 AM PDT by Wissa (Gone Galt)
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To: Wissa
"I wonder how much of the decline is due to the relatively warm winter."

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.

18 posted on 03/11/2012 9:20:16 AM PDT by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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To: Kaslin

I’m looking for a buggy whip factory to invest in. Keep your eyes open.


19 posted on 03/11/2012 9:21:05 AM PDT by Brilliant
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To: GBA
Yep, the good ol' days of waiting until 2:00am to visit the local all nighter because the gas lines were shorter at that time of the day...

Gas cap locks were REAL popular too.

20 posted on 03/11/2012 9:22:57 AM PDT by EGPWS (Trust in God, question everyone else)
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To: MulberryDraw
It’s hard to imagine a recovery where gas and oil usage are plunging.

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.


21 posted on 03/11/2012 9:25:00 AM PDT by kabar
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To: Kaslin
My friend (a prepper), who owns a trucking brokerage business, says (yesterday) that he cannot find enough empty trucks (18 wheelers) to fill his shipping needs which are at all time highs.

Vital Signs: Truck Shipments Growing

By Josh Mitchell
WSJ
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.


22 posted on 03/11/2012 9:25:29 AM PDT by blam
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To: Eye of Unk
After my Mom died in '09, wifey and I hit the road going cross-country for some long overdue "friends and family" visiting - taking five weeks in the process.

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.

23 posted on 03/11/2012 9:29:03 AM PDT by ErnBatavia (Carterize Obama in November)
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To: GBA

Disco wasn’t really that bad.


24 posted on 03/11/2012 9:30:27 AM PDT by Jeff Vader
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To: Wissa

OK, I’ll bite.... how does “warmer winter” signify lower gasoline consumption?


25 posted on 03/11/2012 9:31:08 AM PDT by X-spurt (Its time for ON YOUR FEET or on your knees)
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To: Kaslin
consumption is down so i guess it's time to raise prices to make up for the lost revenue...
26 posted on 03/11/2012 9:31:27 AM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: Kaslin
Obama Causes Abrupt Inventory Sell Off

Highways are empty here.

27 posted on 03/11/2012 9:32:24 AM PDT by Utah Binger (Southern Utah where the world comes to see America)
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To: X-spurt

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


28 posted on 03/11/2012 9:36:18 AM PDT by moehoward
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To: X-spurt
OK, I’ll bite.... how does “warmer winter” signify lower gasoline consumption?

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.

29 posted on 03/11/2012 9:39:45 AM PDT by Wissa (Gone Galt)
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To: GBA
Yeah, Hussein even makes Carter look good. A bit OT, but at least Carter tried to get our hostages out of Iran, Hussein is not doing a thing with Iran now. Gas, I remember those lines too, in 1979, I turned 13 that summer. I remember the odd/even days here in Pennsylvania. I remember late that summer, I spent a couple of days at grandma's with my cousins form Ohio. They went home but since my mother had to work, single parent, she need to save gas so I ended up staying an extra 3 or 4 days, I came close to missing the first few days of junior high school. BTW, I love disco.
30 posted on 03/11/2012 9:40:40 AM PDT by Nowhere Man (Send Obama back to the ghetto, November 6th.)
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To: Wissa
None at all. If anything, a warm winter would likely drive an increase in gasoline consumption as people are likely to drive more in warmer weather.

A warm winter will, however, cause consumption of natural gas and home heating oil to decline.

31 posted on 03/11/2012 9:43:57 AM PDT by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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To: Kaslin

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.
http://www.futurnamics.com/biflation.php


32 posted on 03/11/2012 9:44:15 AM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: Kaslin

Over the same period, the population has increased ... so the numbers are even worse and point to a continued economic recession if not depression.


33 posted on 03/11/2012 9:49:55 AM PDT by Lorianne (fedgov, taxporkmoney)
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To: GBA
I’m starting to miss Jimmy Carter.

Last year I saw this Billboard in Texas.


34 posted on 03/11/2012 9:52:29 AM PDT by thackney (life is fragile, handle with prayer)
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To: EGPWS

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.


35 posted on 03/11/2012 9:53:39 AM PDT by Harpo Speaks (Honk! Honk! Honk! Either it's foggy out, or make that a dozen hard boiled eggs.)
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To: DaxtonBrown
Biflationary Depression:
Protecting Assets From Inflation & Deflation In A Keynesian Collapse


36 posted on 03/11/2012 9:58:48 AM PDT by blam
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To: Kaslin
Contrary to popular belief, the decline in gasoline usage has little or nothing to do with cash-for clunkers or improved gas mileage in cars unless one fantasizes that gas mileage improvements started precisely in 2007.

We must be doing a good job of keeping our tires properly inflated.

37 posted on 03/11/2012 10:00:23 AM PDT by Oliver Boliver Butt
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To: stickywillie
when does the law of supply & demand kick in?

It already has. We are importing less crude oil and even become an exporter of refined products (downstream of the refineries)>


38 posted on 03/11/2012 10:01:22 AM PDT by thackney (life is fragile, handle with prayer)
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To: Kaslin

People don’t believe it, but oil is are number one export.


39 posted on 03/11/2012 10:02:49 AM PDT by Theoria (Rush Limbaugh: Ron Paul sounds like an Islamic terrorist)
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To: moehoward
The chart shows a much more precipitous decline in petroleum usage than gasoline starting around 2007/2008, the onset of the "Great" recession. Warm weather reducing the demand for heating fuel could account for some of decline in petroleum demand, but it should have a negligible effect on gas usage.

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.

40 posted on 03/11/2012 10:05:51 AM PDT by kabar
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To: Oliver Boliver Butt
We must be doing a good job of keeping our tires properly inflated.

Got mine all pumped up!


41 posted on 03/11/2012 10:06:25 AM PDT by Utah Binger (Southern Utah where the world comes to see America)
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To: EGPWS
It's impossible, you know it, I know it, and the American people know it!

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.

42 posted on 03/11/2012 10:11:19 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Harpo Speaks
So starting in the 80s cars started making hatches that could only be opened from inside the car.

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.

43 posted on 03/11/2012 10:15:52 AM PDT by unixfox (Abolish Slavery, Repeal The 16th Amendment!)
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To: Alberta's Child
None at all. If anything, a warm winter would likely drive an increase in gasoline consumption as people are likely to drive more in warmer weather.

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.

44 posted on 03/11/2012 10:17:27 AM PDT by Wissa (Gone Galt)
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To: Kaslin

Haha, this is amusing, Newt visits an oil field to demonstrate to Obama that drilling works...

http://electad.com/videos/newt-gingrich-ad-newt-to-obama-this-is-what-a-drilling-platform-looks-like/


45 posted on 03/11/2012 10:19:04 AM PDT by JediJones (The Divided States of Obama's Declaration of Dependence: Death, Taxes and the Pursuit of Crappiness)
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To: blam
DEAR ECRI: It's Time To Issue A Simple 3-Word Report: 'We Were Wrong' (No Recession)
46 posted on 03/11/2012 10:21:09 AM PDT by blam
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To: Kaslin; flaglady47; mickie
I wonder if the "Architect" (barf), Carl Rove, will hold up that plummeting gas usage chart during one of his never-ending bore-fests on Fox?

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.

Leni

47 posted on 03/11/2012 10:24:26 AM PDT by MinuteGal
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To: Nowhere Man
I remember the odd/even days here in Pennsylvania.

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.

48 posted on 03/11/2012 10:29:18 AM PDT by Oatka (This is America. Assimilate or evaporate.)
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To: Kaslin

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?


49 posted on 03/11/2012 10:32:11 AM PDT by Gaffer
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To: Theoria

“People don’t 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..”.


50 posted on 03/11/2012 10:34:51 AM PDT by House Atreides
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