Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:08 AM

GasBuddy News Article

47
votes
U.S. Petroleum Demand at Lowest Level in 16 Years

CSPnet.com -- WASHINGTON -- Total U.S. petroleum demand dropped 2.0% in 2012 compared with 2011, reaching the lowest annual level in 16 years, according to the American Petroleum Institute. Total U.S. petroleum deliveries also were down 2.1% in December against a year ago. Year-over-year declines were seen in all months in 2012 except for May, API reported.

Read the Full Article

Submitted Jan 22, 2013 By: Teslukbla
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: U.S. Petroleum Demand at Lowest Level in 16 Years Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,300
Points:2,435,365
Joined:Nov 2008
Message Posted: Jan 26, 2013 3:52:30 AM

prolonged economic downhill conditions (no matter what we're told, it ain't over till the fat lady sings!) are leading to less and less demand. No job, no money, no need to drive either.
honda0105
Champion Author Tallahassee

Posts:24,300
Points:2,435,365
Joined:Nov 2008
Message Posted: Jan 25, 2013 3:50:48 AM

and refineries are shutting down for "maintenance" season, which means, prices are about to go up.
studebaker1940
Champion Author Tampa

Posts:5,788
Points:1,480,255
Joined:Mar 2011
Message Posted: Jan 23, 2013 7:01:54 AM

Build more and better refineries
NedW
Champion Author Indianapolis

Posts:8,118
Points:1,729,345
Joined:Mar 2008
Message Posted: Jan 23, 2013 5:13:43 AM

So are production levels.
virostek
Veteran Author Virginia

Posts:423
Points:90,285
Joined:Oct 2012
Message Posted: Jan 23, 2013 4:50:46 AM

OK.
WalkingWV
Champion Author West Virginia

Posts:3,883
Points:809,450
Joined:May 2008
Message Posted: Jan 22, 2013 11:19:48 PM

Gas jumped 35¢ here yesterday, jeesh I'm po'd! #3.49
kgbellman
Champion Author Ann Arbor

Posts:6,042
Points:1,554,995
Joined:Mar 2011
Message Posted: Jan 22, 2013 10:50:50 PM

In general, that's what happens when times are tough, unemployment is high, then you come close to doubling the price in the past 10 years
ican2step
Champion Author Pittsburgh

Posts:4,888
Points:1,214,625
Joined:Feb 2012
Message Posted: Jan 22, 2013 10:49:40 PM

So then why isn't the price plummeting?
bvrbill
Champion Author Eugene

Posts:8,409
Points:1,346,450
Joined:Jul 2011
Message Posted: Jan 22, 2013 10:47:53 PM

Good. We need more fuel efficient vehicles.
Tigercat88
Champion Author North Carolina

Posts:6,570
Points:1,426,365
Joined:Jul 2011
Message Posted: Jan 22, 2013 10:43:27 PM

They will find a way to spin it so prices will continue to go up.
Robert44
Champion Author Columbus

Posts:4,941
Points:1,844,740
Joined:Mar 2004
Message Posted: Jan 22, 2013 10:43:02 PM

HIGH Gasoline prices = LOWER Miles driven
RogerB2
Rookie Author Indianapolis

Posts:83
Points:18,785
Joined:Jan 2013
Message Posted: Jan 22, 2013 10:41:39 PM


OK





Zonk
Champion Author Michigan

Posts:9,813
Points:2,902,875
Joined:Oct 2005
Message Posted: Jan 22, 2013 10:40:53 PM

Pump prices will not be significantly lower. Increased exports will keep prices from dropping.
MrPony
All-Star Author North Carolina

Posts:811
Points:1,038,515
Joined:Jul 2004
Message Posted: Jan 22, 2013 10:40:31 PM

Nobody can afford gas anymore!
RichWLIN
Champion Author Indiana

Posts:8,646
Points:1,473,605
Joined:Jun 2011
Message Posted: Jan 22, 2013 10:39:47 PM

Can't afford to drive us much when 15% are unemployed or underemployed.
JohnofGB
Champion Author Flint

Posts:8,775
Points:1,899,820
Joined:Feb 2010
Message Posted: Jan 22, 2013 10:39:14 PM

With high prices and cars that get better mileage, its no wonder.
Goat2008
Champion Author Ontario

Posts:2,076
Points:1,260,810
Joined:Aug 2008
Message Posted: Jan 22, 2013 10:38:05 PM

ok
Doomsday64
All-Star Author Austin

Posts:905
Points:377,750
Joined:Apr 2011
Message Posted: Jan 22, 2013 10:36:11 PM

Excellent!!!
southrob
Champion Author Tucson

Posts:6,082
Points:1,411,395
Joined:Mar 2011
Message Posted: Jan 22, 2013 10:35:15 PM

dhan
FrankTA2
Champion Author New York

Posts:7,287
Points:1,872,155
Joined:Jun 2007
Message Posted: Jan 22, 2013 10:34:51 PM

Excellent!!!
unicornpmb
Champion Author Buffalo

Posts:11,864
Points:2,459,095
Joined:Sep 2005
Message Posted: Jan 22, 2013 10:34:50 PM

Wonder what the reason could be? Does it have anything to do with the high cost of driving?
pyndasky
Champion Author Maryland

Posts:13,506
Points:2,589,855
Joined:May 2008
Message Posted: Jan 22, 2013 10:31:07 PM

even more reason for them to raise prices..... gotta keep up those profits!!!
Bigwaynef
Champion Author South Carolina

Posts:15,723
Points:2,886,080
Joined:Dec 2006
Message Posted: Jan 22, 2013 10:28:33 PM

They haven't flipped the coin yet on prices...
sehonda
Champion Author Honolulu

Posts:3,318
Points:1,248,985
Joined:May 2009
Message Posted: Jan 22, 2013 10:28:06 PM

high prices more than make up the 2%
jrsva
Champion Author Virginia

Posts:13,440
Points:2,420,050
Joined:Jan 2006
Message Posted: Jan 22, 2013 10:27:58 PM

“Too many electric cars.”

Ha! Possibly they could account for a 0.1% drop but not 2%. The main cause is greater fuel efficiency and fewer miles traveled.
Jmac2008
Champion Author Missouri

Posts:4,648
Points:1,497,275
Joined:Dec 2008
Message Posted: Jan 22, 2013 10:26:55 PM

that is because prices are the highest that they have been in 16 years.
goldrose1
Champion Author Cleveland

Posts:14,306
Points:2,705,655
Joined:Feb 2005
Message Posted: Jan 22, 2013 10:26:54 PM

OK
pa79th
Champion Author Pennsylvania

Posts:5,143
Points:2,003,450
Joined:Jun 2007
Message Posted: Jan 22, 2013 10:25:43 PM

That's because so many people are out of work and broke thanks to the COOTWH.
LKnight598
Champion Author South Carolina

Posts:2,458
Points:548,420
Joined:Nov 2005
Message Posted: Jan 22, 2013 10:25:42 PM

Doesn't that mean prices should be coming down???
crmedic
Champion Author Arkansas

Posts:6,477
Points:851,520
Joined:Jul 2011
Message Posted: Jan 22, 2013 10:25:35 PM

Still waiting for this price drop!
regout
Champion Author Quebec

Posts:6,205
Points:1,615,555
Joined:May 2010
Message Posted: Jan 22, 2013 10:24:17 PM

Well maybe the price will fall.
tedjm1
Champion Author New York

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jan 22, 2013 10:23:17 PM

Okay
BobD2009
Champion Author Long Island

Posts:10,317
Points:2,033,490
Joined:Apr 2009
Message Posted: Jan 22, 2013 10:20:40 PM

Those out of work aren't buying much gasoline.
Matt G
Champion Author Boston

Posts:7,886
Points:3,597,315
Joined:Jun 2004
Message Posted: Jan 22, 2013 10:20:38 PM

Too many electric cars
crreed1
Champion Author West Virginia

Posts:5,141
Points:3,245,085
Joined:May 2005
Message Posted: Jan 22, 2013 10:20:15 PM

now more taxes
5Golfer8
Champion Author Tucson

Posts:5,353
Points:1,081,290
Joined:Jun 2011
Message Posted: Jan 22, 2013 10:19:33 PM

Without any jobs who can afford to travel?
VetteFan
Champion Author Indiana

Posts:11,318
Points:2,417,625
Joined:Aug 2005
Message Posted: Jan 22, 2013 10:19:13 PM

Good for us.
TXRanger09
Champion Author Dallas

Posts:4,052
Points:1,368,950
Joined:May 2009
Message Posted: Jan 22, 2013 10:18:17 PM

The US consumer IS capable of using less fuel. My teenagers take turns carpooling with friends and all throwing in on the gas! In my day, if you had a car, you drove it everywhere. Different mind set today. A good thing.
GasholeMI
Champion Author Lansing

Posts:13,352
Points:2,466,270
Joined:Jul 2008
Message Posted: Jan 22, 2013 10:17:10 PM

Those millions of people without jobs are no longer driving to work every day.
cheaper0ON
Champion Author Ontario

Posts:4,310
Points:1,228,155
Joined:Jan 2012
Message Posted: Jan 22, 2013 10:16:59 PM

WOW!!!
GAS1251
Champion Author Texas

Posts:8,522
Points:2,452,365
Joined:Jun 2008
Message Posted: Jan 22, 2013 10:15:53 PM

So now we have to pay more in taxes to make up for the shortfall. Or else they'll turn all the highways into toll roads.
Sneakers55
Champion Author Houston

Posts:64,565
Points:2,837,560
Joined:Nov 2005
Message Posted: Jan 22, 2013 10:15:04 PM

On Jan 22, 2013 10:41:28 PM, suzmar wrote:

>This is what happens when you have an economy that has been in
>recession since 2009.

Actually, the recession began in late 2007.

I was working 10:30-7:00 around those days so I could listen to NPR Morning Edition before heading to work and NPR All Things Considered before heading home. Most of 2008 was spent anticipating "which company will go bankrupt today?"

Remember, TARP was a Bush-43 program.

Things started turning around in the middle of 2009 although it was September before I went into an involuntary retirement.
Rageagainsttm
Champion Author Tampa

Posts:11,464
Points:2,687,330
Joined:Jul 2007
Message Posted: Jan 22, 2013 10:13:35 PM

That's great.
RAKARWOWSKI
Champion Author Chicago

Posts:7,326
Points:1,649,200
Joined:Jan 2011
Message Posted: Jan 22, 2013 10:12:54 PM

We are being screwed.
Glock26
Champion Author Dayton

Posts:4,756
Points:1,409,035
Joined:Mar 2011
Message Posted: Jan 22, 2013 10:12:06 PM

Good!!!
PrinceLH
Champion Author Ontario

Posts:6,079
Points:1,346,320
Joined:Jun 2011
Message Posted: Jan 22, 2013 10:11:51 PM

We are getting totally shafted and nothing is being done about it!
obimerrill
Champion Author Cincinnati

Posts:4,809
Points:1,119,140
Joined:Jul 2012
Message Posted: Jan 22, 2013 10:10:19 PM

Yet prices remain high due to speculators, taxes, and regulatory burdens...oh yeah and oil company profits!
SUSANCK
Champion Author Chicago

Posts:6,366
Points:1,314,625
Joined:Apr 2011
Message Posted: Jan 22, 2013 10:10:17 PM

HELLO...WHAT???
Aviator_Rob
Champion Author New York

Posts:7,602
Points:1,222,360
Joined:Mar 2012
Message Posted: Jan 22, 2013 10:10:16 PM

Do you know many Democrats that say we should lower taxes on investing, @texashoudini? Show me a speculator and I'll bet he or she is a Republican. Almost a sure thing as far as bets go.
Steve6921
Veteran Author New Hampshire

Posts:271
Points:330,700
Joined:Aug 2012
Message Posted: Jan 22, 2013 10:09:37 PM

THEN GAS PRICES SHOULD DROP
boatfloyd
Champion Author Jacksonville

Posts:5,133
Points:1,196,040
Joined:Mar 2012
Message Posted: Jan 22, 2013 10:09:15 PM

That is going to turn around this year.
Post a reply Back to Topics