Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:10 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
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,907
Points:2,210,840
Joined:Nov 2008
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.
Profile Pic
honda0105
Champion Author Tallahassee

Posts:22,907
Points:2,210,840
Joined:Nov 2008
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.
Profile Pic
studebaker1940
Champion Author Tampa

Posts:5,060
Points:1,276,950
Joined:Mar 2011
Message Posted: Jan 23, 2013 9:01:54 AM

Build more and better refineries
Profile Pic
NedW
Champion Author Indianapolis

Posts:7,899
Points:1,655,100
Joined:Mar 2008
Message Posted: Jan 23, 2013 7:13:43 AM

So are production levels.
Profile Pic
virostek
Veteran Author Virginia

Posts:423
Points:90,285
Joined:Oct 2012
Message Posted: Jan 23, 2013 6:50:46 AM

OK.
Profile Pic
WalkingWV
Champion Author West Virginia

Posts:3,875
Points:808,385
Joined:May 2008
Message Posted: Jan 23, 2013 1:19:48 AM

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

Posts:5,280
Points:1,331,395
Joined:Mar 2011
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
Profile Pic
ican2step
Champion Author Pittsburgh

Posts:4,151
Points:1,015,175
Joined:Feb 2012
Message Posted: Jan 23, 2013 12:49:40 AM

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

Posts:7,130
Points:1,118,825
Joined:Jul 2011
Message Posted: Jan 23, 2013 12:47:53 AM

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

Posts:5,785
Points:1,217,840
Joined:Jul 2011
Message Posted: Jan 23, 2013 12:43:27 AM

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

Posts:4,759
Points:1,695,125
Joined:Mar 2004
Message Posted: Jan 23, 2013 12:43:02 AM

HIGH Gasoline prices = LOWER Miles driven
Profile Pic
RogerB2
Rookie Author Indianapolis

Posts:83
Points:18,785
Joined:Jan 2013
Message Posted: Jan 23, 2013 12:41:39 AM


OK





Profile Pic
Zonk
Champion Author Michigan

Posts:9,030
Points:2,694,675
Joined:Oct 2005
Message Posted: Jan 23, 2013 12:40:53 AM

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

Posts:741
Points:843,515
Joined:Jul 2004
Message Posted: Jan 23, 2013 12:40:31 AM

Nobody can afford gas anymore!
Profile Pic
RichWLIN
Champion Author Indiana

Posts:7,518
Points:1,239,455
Joined:Jun 2011
Message Posted: Jan 23, 2013 12:39:47 AM

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

Posts:7,998
Points:1,693,370
Joined:Feb 2010
Message Posted: Jan 23, 2013 12:39:14 AM

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

Posts:2,074
Points:1,148,370
Joined:Aug 2008
Message Posted: Jan 23, 2013 12:38:05 AM

ok
Profile Pic
Doomsday64
All-Star Author Austin

Posts:905
Points:373,550
Joined:Apr 2011
Message Posted: Jan 23, 2013 12:36:11 AM

Excellent!!!
Profile Pic
southrob
Champion Author Tucson

Posts:5,973
Points:1,234,925
Joined:Mar 2011
Message Posted: Jan 23, 2013 12:35:15 AM

dhan
Profile Pic
FrankTA2
Champion Author New York

Posts:6,698
Points:1,682,875
Joined:Jun 2007
Message Posted: Jan 23, 2013 12:34:51 AM

Excellent!!!
Profile Pic
unicornpmb
Champion Author Buffalo

Posts:11,079
Points:2,230,570
Joined:Sep 2005
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?
Profile Pic
pyndasky
Champion Author Maryland

Posts:12,694
Points:2,381,555
Joined:May 2008
Message Posted: Jan 23, 2013 12:31:07 AM

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

Posts:14,773
Points:2,678,945
Joined:Dec 2006
Message Posted: Jan 23, 2013 12:28:33 AM

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

Posts:3,022
Points:1,155,890
Joined:May 2009
Message Posted: Jan 23, 2013 12:28:06 AM

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

Posts:12,669
Points:2,213,975
Joined:Jan 2006
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.
Profile Pic
Jmac2008
Champion Author Missouri

Posts:4,406
Points:1,408,345
Joined:Dec 2008
Message Posted: Jan 23, 2013 12:26:55 AM

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

Posts:13,529
Points:2,499,950
Joined:Feb 2005
Message Posted: Jan 23, 2013 12:26:54 AM

OK
Profile Pic
pa79th
Champion Author Pennsylvania

Posts:4,355
Points:1,798,150
Joined:Jun 2007
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.
Profile Pic
LKnight598
Champion Author South Carolina

Posts:2,458
Points:548,270
Joined:Nov 2005
Message Posted: Jan 23, 2013 12:25:42 AM

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

Posts:5,465
Points:663,620
Joined:Jul 2011
Message Posted: Jan 23, 2013 12:25:35 AM

Still waiting for this price drop!
Profile Pic
regout
Champion Author Quebec

Posts:5,505
Points:1,428,055
Joined:May 2010
Message Posted: Jan 23, 2013 12:24:17 AM

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

Posts:5,609
Points:801,050
Joined:Dec 2006
Message Posted: Jan 23, 2013 12:23:17 AM

Okay
Profile Pic
BobD2009
Champion Author Long Island

Posts:9,532
Points:1,825,085
Joined:Apr 2009
Message Posted: Jan 23, 2013 12:20:40 AM

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

Posts:7,129
Points:3,373,355
Joined:Jun 2004
Message Posted: Jan 23, 2013 12:20:38 AM

Too many electric cars
Profile Pic
crreed1
Champion Author West Virginia

Posts:4,380
Points:3,058,535
Joined:May 2005
Message Posted: Jan 23, 2013 12:20:15 AM

now more taxes
Profile Pic
5Golfer8
Champion Author Tucson

Posts:4,647
Points:890,195
Joined:Jun 2011
Message Posted: Jan 23, 2013 12:19:33 AM

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

Posts:11,318
Points:2,391,225
Joined:Aug 2005
Message Posted: Jan 23, 2013 12:19:13 AM

Good for us.
Profile Pic
TXRanger09
Champion Author Dallas

Posts:3,878
Points:1,305,895
Joined:May 2009
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.
Profile Pic
GasholeMI
Champion Author Lansing

Posts:12,572
Points:2,265,970
Joined:Jul 2008
Message Posted: Jan 23, 2013 12:17:10 AM

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

Posts:3,533
Points:997,080
Joined:Jan 2012
Message Posted: Jan 23, 2013 12:16:59 AM

WOW!!!
Profile Pic
GAS1251
Champion Author Texas

Posts:7,741
Points:2,226,995
Joined:Jun 2008
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.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,884
Points:2,660,315
Joined:Nov 2005
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.
Profile Pic
Rageagainsttm
Champion Author Tampa

Posts:10,727
Points:2,482,960
Joined:Jul 2007
Message Posted: Jan 23, 2013 12:13:35 AM

That's great.
Profile Pic
RAKARWOWSKI
Champion Author Chicago

Posts:6,541
Points:1,419,775
Joined:Jan 2011
Message Posted: Jan 23, 2013 12:12:54 AM

We are being screwed.
Profile Pic
Glock26
Champion Author Dayton

Posts:3,997
Points:1,207,675
Joined:Mar 2011
Message Posted: Jan 23, 2013 12:12:06 AM

Good!!!
Profile Pic
PrinceLH
Champion Author Ontario

Posts:5,292
Points:1,139,020
Joined:Jun 2011
Message Posted: Jan 23, 2013 12:11:51 AM

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

Posts:4,021
Points:889,615
Joined:Jul 2012
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!
Profile Pic
SUSANCK
Champion Author Chicago

Posts:6,021
Points:1,218,775
Joined:Apr 2011
Message Posted: Jan 23, 2013 12:10:17 AM

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

Posts:6,775
Points:999,585
Joined:Mar 2012
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.
Profile Pic
Steve6921
Veteran Author New Hampshire

Posts:271
Points:330,700
Joined:Aug 2012
Message Posted: Jan 23, 2013 12:09:37 AM

THEN GAS PRICES SHOULD DROP
Post a reply Back to Topics