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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
KEYWORDS:
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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)
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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)
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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
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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
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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?)
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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
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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
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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
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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
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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)
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To: Jeff Vader

Disco is still used in China and Iran as a method of torture.


61 posted on 03/11/2012 11:35:52 AM PDT by Freedom_Is_Not_Free (REPEAL OBAMACARE. Nothing else matters.)
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To: Kaslin

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...

http://english.pravda.ru/opinion/columnists/07-03-2012/120708-arizona_sheriff_obama-0/


62 posted on 03/11/2012 11:37:01 AM PDT by GOPJ (Democrat-Media Complex - buried stories and distorted facts... freeper 'andrew' Breitbart)
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To: stickywillie
"when does the law of supply & demand kick in?.....storage facilities have to be drowning in oil"

A better question would ask where "does the law of supply and demand kick in?" See countries in Asia and elsewhere, buying more oil and fuels for manufacturing, transportation and the hundreds of millions of consumers becoming new drivers.


63 posted on 03/11/2012 11:48:11 AM PDT by familyop (We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
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To: blam

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:)


64 posted on 03/11/2012 11:51:08 AM PDT by DaxtonBrown (http://www.futurnamics.com/reid.php)
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To: unixfox
my 2006 Pontiac didn't have one either but my new Hyundai does... go figure
65 posted on 03/11/2012 12:01:09 PM PDT by Chode (American Hedonist - *DTOM* -ww- NO Pity for the LAZY)
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To: House Atreides
I work in one of the largest Malls in Las Vegas. At 8PM/ there might be 20 cars in the parking lot, and by 10:00PM when my shift ends, we will be lucky to have 2 or 3 cars in the lot. This is not a Mom and Pop operation, but one of the largest Malls, anchored by Albertson’s. Also I notice no one has any extra money. No matter how much B/S is put out by the MSM, people are watching every nickel/ Also Las Vegas employment is in the tank. No Jobs and no prospects
66 posted on 03/11/2012 12:10:08 PM PDT by BooBoo1000 (I don't know what the future holds, but I know who holds my future.,)
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To: Jeff Vader

Disco still sucks.


67 posted on 03/11/2012 12:14:45 PM PDT by Rebelbase
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To: Deaf Smith

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

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
http://www.veteranstoday.com/2012/03/11/resisting-israeli-oppression-courageously/
The Successes & Failures of Occupy Movement
http://www.veteranstoday.com/2012/03/11/the-successes-failures-of-occupy-movement/
Let Your Life Be a Friction to Stop the Machine
http://www.veteranstoday.com/2012/03/04/let-your-life-be-a-friction-to-stop-the-machine/
9/11: Planes/No Planes and “Video Fakery”
http://www.veteranstoday.com/2012/02/20/911-planesno-planes-and-video-fakery/


68 posted on 03/11/2012 12:18:56 PM PDT by House Atreides
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To: House Atreides
In the past 3 weeks, these are just some of the reasons/excuses gas prices are quite suddenly burning up your income.

___________________________________________________________________

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 don’t 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.

It’s 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.

69 posted on 03/11/2012 12:36:41 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: BooBoo1000
Also I notice no one has any extra money.

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..

70 posted on 03/11/2012 12:38:00 PM PDT by EVO X
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To: Wissa

LOL.
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.


71 posted on 03/11/2012 1:08:23 PM PDT by X-spurt (Its time for ON YOUR FEET or on your knees)
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To: Kaslin

Obamanomics is working as planned. Destroying our economy.


72 posted on 03/11/2012 1:09:54 PM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: Deaf Smith
Excess refined fuels are exported which props up the high Futures Market for domestic gasoline, diesel fuel and jet fuel.

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.

73 posted on 03/11/2012 1:13:12 PM PDT by thackney (life is fragile, handle with prayer)
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To: moehoward

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.


74 posted on 03/11/2012 1:14:03 PM PDT by X-spurt (Its time for ON YOUR FEET or on your knees)
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To: X-spurt
Maybe someone has data showing it requires more gasoline to run an engine in the Artic than at the Equator, but that is unlikely.

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.

75 posted on 03/11/2012 1:20:01 PM PDT by Wissa (Gone Galt)
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To: Kaslin

Think how much gasoline could be saved if everyone collected unemployment.


76 posted on 03/11/2012 1:22:36 PM PDT by TASMANIANRED (We kneel to no prince but the Prince of Peace)
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To: GBA

-—— 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.


77 posted on 03/11/2012 1:58:57 PM PDT by St_Thomas_Aquinas (Viva Christo Rey!)
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To: dragnet2

LOL — and you’re right, those were “just some of the reasons/excuses” being put forth for the increased cost of gasoline.


78 posted on 03/11/2012 2:07:36 PM PDT by House Atreides
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To: rarestia

When nobody can afford gas, it will be celebrated as a great achievement


79 posted on 03/11/2012 2:32:16 PM PDT by GeronL (The Right to Life came before the Right to Pursue Happiness)
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To: Oatka
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.


Interesting story there. I'm not much of as Maryland fan although when my aunt moved to the Frederick area with her family for a couple of years, it wasn't a bad place. I was about 5 or 6, my 13 year old cousin took me for rides on his mini-bike at the construction site next to their apartment building. Still, with the exception of the rural parts, it is a very Democratic place. I'd try to pass through there if I can. We had a 1977 Mercury Cougar at that time, still have it, if I get my crap together, I'd like to restore it and get her back on the road.
80 posted on 03/11/2012 2:36:57 PM PDT by Nowhere Man (Send Obama back to the ghetto, November 6th.)
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To: Wissa

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.


81 posted on 03/11/2012 3:23:51 PM PDT by X-spurt (Its time for ON YOUR FEET or on your knees)
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To: Theoria
Well, not exactly. Refined petroleum products (not crude oil) were the #1 export from the U.S. in 2011. These products would include things like gasoline, aviation fuel and kerosene.

The U.S. is still very much a net importer of crude oil.

82 posted on 03/11/2012 3:52:22 PM PDT by Alberta's Child ("If you touch my junk, I'm gonna have you arrested.")
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To: MulberryDraw; Kaslin
Decreased usage seems to show the lie in the press and Obama's the economy is improving mantra.

Gas prices are still going up, even with decreased usage, because


83 posted on 03/11/2012 6:09:38 PM PDT by FreeAtlanta (Liberty and Justice for ALL)
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To: Harpo Speaks; EGPWS
How do we protect ourselves from the drilled out gas tank?

It is becoming more common. Someone should make do it yourself patches so that the whole tanks don't have to be replaced.

84 posted on 03/11/2012 6:15:37 PM PDT by FreeAtlanta (Liberty and Justice for ALL)
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To: thackney

85 posted on 03/11/2012 6:20:56 PM PDT by FreeAtlanta (Liberty and Justice for ALL)
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To: stickywillie
when does the law of supply & demand kick in?.....storage facilities have to be drowning in oil

THe excess is being shipped to China as refined product. This isn't your dads dollar.

86 posted on 03/11/2012 6:22:52 PM PDT by central_va ( I won't be reconstructed and I do not give a damn.)
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To: blam

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.


87 posted on 03/11/2012 8:53:18 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: EGPWS

To be fair, I think that was Nixon.


88 posted on 03/11/2012 9:04:04 PM PDT by Nik Naym (It's not my fault... I have compulsive smartass disorder.)
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To: FreeAtlanta

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.


89 posted on 03/11/2012 9:05:45 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing)
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To: dragnet2

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!!


90 posted on 03/12/2012 3:01:17 AM PDT by Enterprise ("Those who can make you believe absurdities can make you commit atrocities." Voltaire)
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To: unixfox; Harpo Speaks
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.

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.

91 posted on 03/12/2012 10:01:56 AM PDT by UCANSEE2 (Lame and ill-informed post)
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To: X-spurt
Do you also think bullets are slower in the winter?

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.

92 posted on 03/12/2012 1:39:48 PM PDT by Wissa (Gone Galt)
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To: Wissa

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.”?


93 posted on 03/12/2012 9:27:49 PM PDT by X-spurt (Its time for ON YOUR FEET or on your knees)
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