Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

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
KEYWORDS:
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-93 next last
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)
[ Post Reply | Private Reply | To 37 | View Replies]

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!)
[ Post Reply | Private Reply | To 11 | View Replies]

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!)
[ Post Reply | Private Reply | To 35 | View Replies]

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)
[ Post Reply | Private Reply | To 31 | View Replies]

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)
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 36 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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.)
[ Post Reply | Private Reply | To 30 | View Replies]

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
[ Post Reply | Private Reply | To 1 | View Replies]

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
[ Post Reply | Private Reply | To 39 | View Replies]

To: House Atreides
No, your right. I used the wrong word. Thanks for the correction.
51 posted on 03/11/2012 10:40:36 AM PDT by Theoria (Rush Limbaugh: Ron Paul sounds like an Islamic terrorist)
[ Post Reply | Private Reply | To 50 | View Replies]

To: House Atreides
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.

I have been amazed at the number of FReepers that think this is a bad thing. We finally do not have a refinery shortage and they want us to shutdown some more refineries.

52 posted on 03/11/2012 10:46:17 AM PDT by thackney (life is fragile, handle with prayer)
[ Post Reply | Private Reply | To 50 | View Replies]

To: Kaslin

Saw this:

http://www.zerohedge.com/news/china-posts-biggest-trade-deficit-1989-crude-imports-surge-china-recycling-export-dollars-solel

It looks to me like China may be preparing for war and a cutoff of oil imports.

This could mean that they expect Obama to lose the election, and they plan to invade Taiwan before he leaves office.

Or it could mean they expect Israel to attack Iran and the Straits of Hormuz get closed for a while.

It could mean both!

Just think, if you are a centrally planned, mercantilist country run by the PLA and the oligarchy, you can profit from starting a war after stockpiling crude.


53 posted on 03/11/2012 10:52:40 AM PDT by darth
[ Post Reply | Private Reply | To 1 | View Replies]

To: House Atreides; mickie
"Demagogues who have no understanding of the oil industry.....such as Bill O'Reilly....."

Spot on, Atreides.

Has anyone noticed that when the Bloviator's plunges into one of his regular hysterical rants against the "oil industry", the "big petroleum corporations", the "oil bigwigs", the "oil speculators", etc. etc. ad infinitum...that he NEVER mentions the REAL perpetrator of the growing gas disaster...i.e., his buddy Barak Obama.

He never so much as breathes the name of the Sacred One in connection with the fuel crisis. Nor does he mention OPEC where the Muslim princes rule the oil roost and their soul brother, Barak, bows to them, literally and figuratively

Leni

54 posted on 03/11/2012 10:57:57 AM PDT by MinuteGal
[ Post Reply | Private Reply | To 50 | View Replies]

To: GBA

People make fun of disco but look what we got now instead-RAP!


55 posted on 03/11/2012 11:12:57 AM PDT by packrat35 (When will we admit we are now almost a police state?)
[ Post Reply | Private Reply | To 16 | View Replies]

To: stickywillie

The law of Supply & Demand still applies. Excess refined fuels are exported which props up the high Futures Market for domestic gasoline, diesel fuel and jet fuel.
http://money.cnn.com/2011/12/05/news/economy/gasoline_export/index.htm


56 posted on 03/11/2012 11:15:21 AM PDT by Deaf Smith
[ Post Reply | Private Reply | To 10 | View Replies]

To: stickywillie

http://www.veteranstoday.com/2012/01/09/the-gasoline-export-scam/


57 posted on 03/11/2012 11:19:42 AM PDT by Deaf Smith
[ Post Reply | Private Reply | To 10 | View Replies]

To: stickywillie

More here.
http://205.254.135.7/todayinenergy/index.cfm?tg=exports


58 posted on 03/11/2012 11:23:31 AM PDT by Deaf Smith
[ Post Reply | Private Reply | To 10 | View Replies]

To: stickywillie

http://www.truckinginfo.com/news/news-detail.asp?news_id=75660


59 posted on 03/11/2012 11:27:19 AM PDT by Deaf Smith
[ Post Reply | Private Reply | To 10 | View Replies]

To: MulberryDraw

Cause the country is all using obammy’s alternative fuel, algae.


60 posted on 03/11/2012 11:31:55 AM PDT by Joe Boucher ((FUBO) Hey Mitt, F-you too pal)
[ Post Reply | Private Reply | To 3 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-93 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson