Heaps Are Bought In 1,000-barrel Increments
Crude oil and liquid fuels demand in 2014 averaged 91.4 million barrels per day worldwide, a rise of 0.9 million barrels per day over 2013. Demand is projected to extend to 92.Four million barrels per day in 2015 and 93.4 million barrels per day in 2016. (Supply: U.S. Power Info Administration, Short-Term Power Outlook, January 2015)
U.S. crude oil and liquid fuels consumption was 19.1 million barrels per day in 2014, and is anticipated to be 19.Three million barrels per day in 2015. (Source: U.S. Energy Information Administration, Brief-Time period Vitality Outlook, January 2015)
America oil consumption per capita is 0.06102 barrels of oil per day, or 22.27 barrels of oil per 12 months. A number of countries have a lot higher per-capita oil consumption together with Singapore (0.20174 barrels/day) and Luxembourg (0.11884 barrels/day). Canadian per-capita oil consumption is zero.0664 barrels/day, slightly more than in the United States. (Source: CIA World Factbook)
There are 195 widely traded crude oil streams traded on the markets, with the two most popular being West Texas Intermediate (WTI) and Brent Blend. Lots are purchased in 1,000-barrel increments. (Supply: Crude Oil Market Handbook, 2011)
U.S. gasoline demand increased 1.1% to 8.9 million barrels per day in 2014, roughly 374 million gallons per day, or about 37 million fill-ups per day (primarily based on a ten-gallon fill-up). Demand is predicted to extend to 9.Zero million barrels per day in 2015. (Source: U.S. Energy Information Administration, Quick-Term Energy Outlook, January 2015)
Despite two straight years of demand increases, U.S. gasoline demand has decreased total because it peaked in 2007.
(Source: U.S. Vitality Info Administration, “U.S. Product Equipped of Completed Motor Gasoline”)
U.S. gasoline demand increases over the first half of the year and peaks within the hotter months. In 2014, demand per day in August was 10.Three% higher than in January. The demand will increase within the final three months are attributed to sharp decreases in gasoline costs.
(Supply: U.S. Energy Info Administration, “Weekly Common U.S. Product Provided of Completed Motor Gasoline”)
In 2013, weekly demand was at its lowest the week of January 10 (eight.021 million barrels/day; gasoline costs averaged $three.32) and at its highest the week of December 26 (9.614 million barrels/day; fuel 6 hindustan petroleumrporation limited prices averaged $2.Forty three). (Sources: U.S. Energy Info Administration, “Weekly Average U.S. Product Supplied of Finished Motor Gasoline”; OPIS Retail Gasoline Watch)
Gasoline demand was forty seven% of total U.S. petroleum demand in 2014. gas storage tank (Supply: U.S. Energy Data Administration, Short-Time period Vitality Outlook, January 2015)
The average American family is forecast to spend $1,962 on gasoline purchases in 2015, about $550 less than in 2014 and the lowest stage in eleven years. Gasoline purchases usually account for five% of family expenditure. (Source: U.S. Power Info Administration, “Today in Energy”)
The typical American family consumes 729 gallons of gasoline per 12 months, or 384 per car per yr. (Supply: U.S. Power Information Administration)
Americans rely on the car to get to work. Eighty five% drive or carpool as their primary technique of transport to work, compared to 5% who use public transit, three% who stroll and four% who work at residence. (Source: U.S. Department of Commerce; U.S. Census Bureau)
Americans travelled 8.210 billion miles per day in 2014, and are anticipated to travel 8.354 billion miles per day in 2015. With 253.6 million registered autos in the United States, this means that the common vehicle in 2014 travelled 32 miles per day. (Supply: U.S. Vitality Info Administration, Short-Term Power Outlook, January 2015)
There have been 253.6 million registered vehicles in the United States in 2012. (Supply: U.S. Federal Freeway Administration)
The typical age of autos on U.S. roads has steadily elevated. In 2014, the common age of autos was eleven.Four years and it 6 hindustan petroleumrporation limited is predicted to increase to 11.9 years in 2019. A decade in the past (2003), the common age of automobiles was 9.7 years (Supply: HIS Automotive)
A total of 16.4 million mild-automobiles have been offered in 2014, a rise of 5.8% from 2013, and the strongest sales yr since 2006. (Supply: Nationwide Vehicle Dealers Association)
The average adjusted gasoline economy for new vehicles in 2014 was 27.6 miles per gallon for automobiles and 19.8 mpg for trucks. (Source: Environmental Protection Agency)
Gasoline-powered automobiles accounted for ninety three.5% of the sunshine vehicle market; diesel-powered automotive captured three.Zero% of the overall mild automobile market. Diesel-powered light automobile sales in the United States had been 489,612 in 2014, a ten.6% enhance over the 12 months prior. (Supply: WardsAuto)
Roughly 119,710 plug-in electric vehicles were sold within the United States in 2014, a 23% increase from 2013. This gross sales whole represents less than 1% of all autos bought in 2014.