Not Logged In Log In   Sign Up   Points Leaders
Follow Us    10:00 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:24,080
Points:2,392,115
Joined:Nov 2008
Message Posted: Jan 26, 2013 4:52:30 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:24,080
Points:2,392,115
Joined:Nov 2008
Message Posted: Jan 25, 2013 4:50:48 AM

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

Posts:5,683
Points:1,453,230
Joined:Mar 2011
Message Posted: Jan 23, 2013 8:01:54 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 6:13:43 AM

So are production levels.
virostek
Veteran Author Virginia

Posts:423
Points:90,285
Joined:Oct 2012
Message Posted: Jan 23, 2013 5:50:46 AM

OK.
WalkingWV
Champion Author West Virginia

Posts:3,883
Points:809,450
Joined:May 2008
Message Posted: Jan 23, 2013 12:19:48 AM

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

Posts:5,934
Points:1,511,785
Joined:Mar 2011
Message Posted: Jan 22, 2013 11:50:50 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:4,828
Points:1,195,225
Joined:Feb 2012
Message Posted: Jan 22, 2013 11:49:40 PM

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

Posts:8,212
Points:1,300,200
Joined:Jul 2011
Message Posted: Jan 22, 2013 11:47:53 PM

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

Posts:6,460
Points:1,399,115
Joined:Jul 2011
Message Posted: Jan 22, 2013 11:43:27 PM

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

Posts:4,932
Points:1,826,610
Joined:Mar 2004
Message Posted: Jan 22, 2013 11:43:02 PM

HIGH Gasoline prices = LOWER Miles driven
RogerB2
Rookie Author Indianapolis

Posts:83
Points:18,785
Joined:Jan 2013
Message Posted: Jan 22, 2013 11:41:39 PM


OK





Zonk
Champion Author Michigan

Posts:9,703
Points:2,874,025
Joined:Oct 2005
Message Posted: Jan 22, 2013 11:40:53 PM

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

Posts:796
Points:997,215
Joined:Jul 2004
Message Posted: Jan 22, 2013 11:40:31 PM

Nobody can afford gas anymore!
RichWLIN
Champion Author Indiana

Posts:8,481
Points:1,424,355
Joined:Jun 2011
Message Posted: Jan 22, 2013 11:39:47 PM

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

Posts:8,669
Points:1,873,795
Joined:Feb 2010
Message Posted: Jan 22, 2013 11:39:14 PM

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

Posts:2,076
Points:1,250,910
Joined:Aug 2008
Message Posted: Jan 22, 2013 11:38:05 PM

ok
Doomsday64
All-Star Author Austin

Posts:905
Points:377,150
Joined:Apr 2011
Message Posted: Jan 22, 2013 11:36:11 PM

Excellent!!!
southrob
Champion Author Tucson

Posts:6,072
Points:1,388,845
Joined:Mar 2011
Message Posted: Jan 22, 2013 11:35:15 PM

dhan
FrankTA2
Champion Author New York

Posts:7,207
Points:1,847,130
Joined:Jun 2007
Message Posted: Jan 22, 2013 11:34:51 PM

Excellent!!!
unicornpmb
Champion Author Buffalo

Posts:11,754
Points:2,411,845
Joined:Sep 2005
Message Posted: Jan 22, 2013 11:34:50 PM

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

Posts:13,392
Points:2,562,605
Joined:May 2008
Message Posted: Jan 22, 2013 11:31:07 PM

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

Posts:15,582
Points:2,858,830
Joined:Dec 2006
Message Posted: Jan 22, 2013 11:28:33 PM

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

Posts:3,277
Points:1,237,815
Joined:May 2009
Message Posted: Jan 22, 2013 11:28:06 PM

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

Posts:13,360
Points:2,395,025
Joined:Jan 2006
Message Posted: Jan 22, 2013 11:27:58 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:4,619
Points:1,488,945
Joined:Dec 2008
Message Posted: Jan 22, 2013 11:26:55 PM

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

Posts:14,191
Points:2,672,105
Joined:Feb 2005
Message Posted: Jan 22, 2013 11:26:54 PM

OK
pa79th
Champion Author Pennsylvania

Posts:5,033
Points:1,976,200
Joined:Jun 2007
Message Posted: Jan 22, 2013 11:25:43 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 11:25:42 PM

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

Posts:6,323
Points:812,375
Joined:Jul 2011
Message Posted: Jan 22, 2013 11:25:35 PM

Still waiting for this price drop!
regout
Champion Author Quebec

Posts:6,180
Points:1,609,330
Joined:May 2010
Message Posted: Jan 22, 2013 11:24:17 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 11:23:17 PM

Okay
BobD2009
Champion Author Long Island

Posts:10,207
Points:2,006,240
Joined:Apr 2009
Message Posted: Jan 22, 2013 11:20:40 PM

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

Posts:7,778
Points:3,553,290
Joined:Jun 2004
Message Posted: Jan 22, 2013 11:20:38 PM

Too many electric cars
crreed1
Champion Author West Virginia

Posts:5,031
Points:3,217,835
Joined:May 2005
Message Posted: Jan 22, 2013 11:20:15 PM

now more taxes
5Golfer8
Champion Author Tucson

Posts:5,253
Points:1,055,490
Joined:Jun 2011
Message Posted: Jan 22, 2013 11:19:33 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 11:19:13 PM

Good for us.
TXRanger09
Champion Author Dallas

Posts:4,052
Points:1,368,750
Joined:May 2009
Message Posted: Jan 22, 2013 11:18:17 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:13,247
Points:2,442,245
Joined:Jul 2008
Message Posted: Jan 22, 2013 11:17:10 PM

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

Posts:4,200
Points:1,178,905
Joined:Jan 2012
Message Posted: Jan 22, 2013 11:16:59 PM

WOW!!!
GAS1251
Champion Author Texas

Posts:8,422
Points:2,408,315
Joined:Jun 2008
Message Posted: Jan 22, 2013 11:15:53 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:64,051
Points:2,803,390
Joined:Nov 2005
Message Posted: Jan 22, 2013 11:15:04 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:11,354
Points:2,660,080
Joined:Jul 2007
Message Posted: Jan 22, 2013 11:13:35 PM

That's great.
RAKARWOWSKI
Champion Author Chicago

Posts:7,216
Points:1,601,050
Joined:Jan 2011
Message Posted: Jan 22, 2013 11:12:54 PM

We are being screwed.
Glock26
Champion Author Dayton

Posts:4,656
Points:1,384,235
Joined:Mar 2011
Message Posted: Jan 22, 2013 11:12:06 PM

Good!!!
PrinceLH
Champion Author Ontario

Posts:5,967
Points:1,319,070
Joined:Jun 2011
Message Posted: Jan 22, 2013 11:11:51 PM

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

Posts:4,699
Points:1,070,890
Joined:Jul 2012
Message Posted: Jan 22, 2013 11:10:19 PM

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

Posts:6,301
Points:1,298,700
Joined:Apr 2011
Message Posted: Jan 22, 2013 11:10:17 PM

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

Posts:7,485
Points:1,177,530
Joined:Mar 2012
Message Posted: Jan 22, 2013 11:10:16 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 11:09:37 PM

THEN GAS PRICES SHOULD DROP
boatfloyd
Champion Author Jacksonville

Posts:5,027
Points:1,168,615
Joined:Mar 2012
Message Posted: Jan 22, 2013 11:09:15 PM

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