Petroleum consumption in the US has recovered somewhat from a low point of 18.3 million barrels a day in October 2008 to levels similar to January averages in previous years. First chart below is an update of a chart I showed previously on total petroleum product demand (includes industrial, residential and freight transportation use of fuel oils as well as gasoline consumption). The second chart shows gasoline demand and average gasoline price. It’s harder to determine the trends in gasoline consumption because of the seasonal driving patterns.
Tags: Gasoline price
