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GasBuddy News Article

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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.

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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

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Message Posted: Jan 26, 2013 5:52:30 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

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Message Posted: Jan 25, 2013 5:50:48 AM

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

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Message Posted: Jan 23, 2013 9:01:54 AM

Build more and better refineries
NedW
Champion Author Indianapolis

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Message Posted: Jan 23, 2013 7:13:43 AM

So are production levels.
virostek
Veteran Author Virginia

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Message Posted: Jan 23, 2013 6:50:46 AM

OK.
WalkingWV
Champion Author West Virginia

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Message Posted: Jan 23, 2013 1:19:48 AM

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

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Message Posted: Jan 23, 2013 12:50:50 AM

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

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Message Posted: Jan 23, 2013 12:49:40 AM

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

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Message Posted: Jan 23, 2013 12:47:53 AM

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

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Message Posted: Jan 23, 2013 12:43:27 AM

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

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Message Posted: Jan 23, 2013 12:43:02 AM

HIGH Gasoline prices = LOWER Miles driven
RogerB2
Rookie Author Indianapolis

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Message Posted: Jan 23, 2013 12:41:39 AM


OK





Zonk
Champion Author Michigan

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Message Posted: Jan 23, 2013 12:40:53 AM

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

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Message Posted: Jan 23, 2013 12:40:31 AM

Nobody can afford gas anymore!
RichWLIN
Champion Author Indiana

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Message Posted: Jan 23, 2013 12:39:47 AM

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

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Message Posted: Jan 23, 2013 12:39:14 AM

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

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Message Posted: Jan 23, 2013 12:38:05 AM

ok
Doomsday64
All-Star Author Austin

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Message Posted: Jan 23, 2013 12:36:11 AM

Excellent!!!
southrob
Champion Author Tucson

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Message Posted: Jan 23, 2013 12:35:15 AM

dhan
FrankTA2
Champion Author New York

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Message Posted: Jan 23, 2013 12:34:51 AM

Excellent!!!
unicornpmb
Champion Author Buffalo

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Message Posted: Jan 23, 2013 12:34:50 AM

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

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Message Posted: Jan 23, 2013 12:31:07 AM

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

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Message Posted: Jan 23, 2013 12:28:33 AM

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

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Message Posted: Jan 23, 2013 12:28:06 AM

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

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Message Posted: Jan 23, 2013 12:27:58 AM

“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

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Message Posted: Jan 23, 2013 12:26:55 AM

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

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Message Posted: Jan 23, 2013 12:26:54 AM

OK
pa79th
Champion Author Pennsylvania

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Message Posted: Jan 23, 2013 12:25:43 AM

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

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Message Posted: Jan 23, 2013 12:25:42 AM

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

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Message Posted: Jan 23, 2013 12:25:35 AM

Still waiting for this price drop!
regout
Champion Author Quebec

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Message Posted: Jan 23, 2013 12:24:17 AM

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

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Message Posted: Jan 23, 2013 12:23:17 AM

Okay
BobD2009
Champion Author Long Island

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Message Posted: Jan 23, 2013 12:20:40 AM

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

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Message Posted: Jan 23, 2013 12:20:38 AM

Too many electric cars
crreed1
Champion Author West Virginia

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Message Posted: Jan 23, 2013 12:20:15 AM

now more taxes
5Golfer8
Champion Author Tucson

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Message Posted: Jan 23, 2013 12:19:33 AM

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

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Message Posted: Jan 23, 2013 12:19:13 AM

Good for us.
TXRanger09
Champion Author Dallas

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Message Posted: Jan 23, 2013 12:18:17 AM

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

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Message Posted: Jan 23, 2013 12:17:10 AM

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

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Message Posted: Jan 23, 2013 12:16:59 AM

WOW!!!
GAS1251
Champion Author Texas

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Message Posted: Jan 23, 2013 12:15:53 AM

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

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Message Posted: Jan 23, 2013 12:15:04 AM

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

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Message Posted: Jan 23, 2013 12:13:35 AM

That's great.
RAKARWOWSKI
Champion Author Chicago

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Message Posted: Jan 23, 2013 12:12:54 AM

We are being screwed.
Glock26
Champion Author Dayton

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Message Posted: Jan 23, 2013 12:12:06 AM

Good!!!
PrinceLH
Champion Author Ontario

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Message Posted: Jan 23, 2013 12:11:51 AM

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

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Message Posted: Jan 23, 2013 12:10:19 AM

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

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Message Posted: Jan 23, 2013 12:10:17 AM

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

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Message Posted: Jan 23, 2013 12:10:16 AM

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

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Message Posted: Jan 23, 2013 12:09:37 AM

THEN GAS PRICES SHOULD DROP
boatfloyd
Champion Author Jacksonville

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Message Posted: Jan 23, 2013 12:09:15 AM

That is going to turn around this year.
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