US Demand for Oil and Gasoline Continues to Fall

Jun 20th, 2012 | By Nicole Rogers

Oil demand in the US will drop 0.4% to a 15-year low of 18.76 million barrels a day this year, according to a forecast released June 11 by the EIA (The US Department of Energy). Additionally, demand for gasoline, the most widely used petroleum product in the US, is expected to slip 0.6% from a year earlier, the lowest level since 2001.  As the world’s biggest consumer of  oil, this is a significant shift for the US, and a trend Sustainable America hopes to help continue.

“A part of it may be from slow economic growth, which is too bad, but much of it is from the US becoming less oil-intensive in its GDP creation and from a more fuel efficient fleet of vehicles.” Nick Tiller, founder of Sustainable America, wrote in an email.

As you can see in the graph from the EIA above, the consumption of oil products fluctuates, but in general oil consumption has been trending downward recently, and will continue to according to projections by the EIA.

By making small changes everyday to minimize our personal consumption of oil we can all hope to sustain and encourage this trend in the future. See more posts in Sustainable America’s Good Practices / Individual Action category to learn how you can take action today!

Tagged: oil, fuel efficiency cars, fuel efficient vehicles, EIA, US Department of Energy, consumption of oil, gas consumption, fuel, Crude Oil, Alt Fuels

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