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.
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.
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.
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
People make fun of disco but look what we got now instead-RAP!
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.
Cause the country is all using obammy’s alternative fuel, algae.
Disco is still used in China and Iran as a method of torture.
Gasoline prices will be down in time to benefit Obama’s election chances... wait and see.
And the press won’t notice.
Interesting take on the MSM - or as freeper ‘andrew’ wold say - the Democrat Media Complex...
Thanks Blam. I’ll be posting more with time on the Biflationary Index I’m creating. It comes out of the idea for the misery index,but not so skewed because we all know the unemployment and inflation numbers are crap.
So my index has Gold, Job Participation (not unemployment), interest rate minus inflation (real rate of return), Case Schiller in it to get a better idea where thingsare.
I think the gold number skews my index too much in favor of the early 50s, but the general shape of the chart doesn’t change. It shows with slid with Nixon, dived with Carter, came back out with Reagan through Clinton (really Gingrich), burpd on 911 and dived in 2005 on compassionate conservatism.
Both my index, and the oil numbers in the above article, show we tanked earlier than the 2008 crash. (Hint: that means they are predictive, not that you dumb hick illiterate conservatives could ever pick that up:)
Disco still sucks.
Well now, with a name like “Veterans Today Military and Foreign Affairs Journal” this link must lead us to a nice,conservative, pro-American and trustworthy source of correct information and opinion. So I go there and read the linked article and it is about as “truthful” and factual as most of the other articles it contains. I list below a handful of these article for your perusal. Ever hear of George Soros or the Communist Party USA? Those folks are certainly looking out for the best interests of our country, aren’t they?
Resisting Israeli Oppression Courageously
The Successes & Failures of Occupy Movement
Let Your Life Be a Friction to Stop the Machine
9/11: Planes/No Planes and Video Fakery
Iran is going to take over the world.
The refineries need maintenance
The speculators are doing it
We're running out of oil
We have plenty
Americans are driving less, so we need to raise prices
The Chinese have millions of mopeds to fuel
There is a leak in a pipe in Moose Jaw Alaska
A rodent chewed through a line at the main pump station in Texas.
Demand is down but we are producing more however, our refineries have been and are being shut down
Prices will go to 6.75, but 3 days before the election, Obama will lower prices to 1.40 to ensure reelection
A school of endangered blowfish have been sucked into a pipe, and it takes time to get them out.
Iran has nukes
Unstable markets worldwide.
A big refinery fire
A small refinery fire
A refinery fire could possibly happen
New gas additives are being developed to make Americans even more stupid
They forgot to build a pipe
They dont like pipes
Rich liberals want the price even higher.
Obama hates the oil industry
The oil industry hates Obama and are hoping this kills his reelection
Liberals want everyone ridding donkeys and bicycles to work as a sacrifice for the planet
We moved more armaments to the gulf because Iran is taking over the world
Wild money printing and massive deficits
Americans love high gas prices
Refinery margins are tight They hardly make any money at all.
The masses have no idea how free market works.
It is being exported because we are making more than we use.
Demand has fallen
We need refinery upgrades and expansion
We are making more than we use so we have to sell it to the Chinese, (They have 1 billion mopeds to fuel , and need to go to work so they can send us more Communist products .
We have plenty of oil, so much so, we need to sell it abroad to keep prices low.
We have plenty of oil, so much so, we need to sell it abroad to keep prices high.
Barry intentionally pissed off the oil companies and seriously limited their profit
The population has increased
The less people drive the higher the price, so you need to drive more.
This is caused by warm weather.
Its caused by cold weather.
We are importing less crude oil and even become an exporter of refined products.
High gas prices have created jobs and wealth in the US, so we need to export more oil.
High gas prices are good for the economy. When it reaches $6 per gallon, America will be back on track.
Median household income has fallen over the last decade. It would seem to me that would contribute to less gas usage.
I've been driving somewhat less since the trouble started..
Minnysoter also elected Jesse Ventura, Dayton and Al Franken.
Got the feeling any “cold air density drag” is more than offset by “cold air O2 density aiding combustion”. Maybe someone has data showing it requires more gasoline to run an engine in the Artic than at the Equator, but that is unlikely.
Obamanomics is working as planned. Destroying our economy.
How in the world is excess supply going to "prop up" price?
Gasoline prices are high for the same reason gold jewelry is high. The base material it is made from is high in price.
Domestic demand is down, but globally, petroleum demand is up. Since we import far more crude oil than we produce ourselves, we are quite tied to the global prices.
Unluckily, petroleum based fuels pricing is not as simple as that, mainly because everyone else on the glbe is tied to the same situation.
The best escape from being pegged to world pricing will be moving to Natural Gas as transportation fuels, because we have a very long term abundance of NG.
I guess it's your choice on whether you want to do a simple google search or if you prefer to remain ignorant on this matter.
Think how much gasoline could be saved if everyone collected unemployment.
-—— Hard to believe those were better days looking at that picture, but I’d like to go back...if there was no disco.-——
I was listening to The Kinks, “Low Budget,” back then. I’m thinking about downloading it. Happy days are here again.
LOL — and you’re right, those were “just some of the reasons/excuses” being put forth for the increased cost of gasoline.
When nobody can afford gas, it will be celebrated as a great achievement
No, its your theory, show us the evidence of its validity.
Do you also think bullets are slower in the winter? They too have to overcome ambient temperature to generate chamber pressure to expell the round.
The U.S. is still very much a net importer of crude oil.
Gas prices are still going up, even with decreased usage, because
It is becoming more common. Someone should make do it yourself patches so that the whole tanks don't have to be replaced.
THe excess is being shipped to China as refined product. This isn't your dads dollar.
Truck traffic has booomed around here, but that is tied in with the oil industry. Crude haulers, water and fuel haulers, frac pumpers, haul trucks for rig moves...one in three vehicles on the highway here is a semi.
To be fair, I think that was Nixon.
Ribbon epoxy (blue and yellow strips together). Knead it until it is a uniform green and press it into the hole. Great stuff, but a temporary fix. Self tapping screws have been known to work as well.
There are any number of excuses that are being made for the high price of gas, but you list is the best I have seen in a long time. I’ll copy it - it’s that GOOD!!
True, but it will do them no good.
Due to the gas 'theft' problem, all car manufacturers started putting 'screens' in the gasoline tank filler hose. This prevents anyone from siphoning gas out of the tank. No need for locking caps.
You can go ahead and believe that snipers don't take air temperature into account if you wish. Stick with your "feelings" about how the world works if that makes you comfortable.
Don’t try to change the subject. Can you or can you not respond to my posting “No, its your theory, show us the evidence of its validity.”?