Petrogram - Fall 2009 - (Page 28)
FEATURE SPECIAL REPORT: emand for oil is expected to fall slightly to an average 85.1 million barrels a day worldwide in 2009. World oil consumption was 85.91 million barrels a day in 2008. (Source: U.S. Energy Information Administration) The United States uses petroleum more for transportation needs (70 percent of total demand) than heat and power. As a result, demand peaks in the summer as people travel more, the opposite of most of the rest of the world where demand for oil peaks in the coldest months. (Source: U.S. Energy Information Administration) U.S. Petroleum Industry Statistics Motor Fuels • The average passenger car in the U.S. used 554 gallons, traveled 12,400 miles and had a fuel economy of 22.4 miles per gallon in 2006. (Source: U.S. Bureau of Transportation Statistics) • U.S. gasoline demand averaged 8.98 million barrels per day in 2008 – approximately 390 million gallons per day, or about 35 million fill-ups per day – and is projected to be 8.89 million barrels per day in 2009. • U.S. demand for gasoline significantly increases beginning every February and peaks in August. (Source: U.S. Energy Information Administration) How do You STACK UP? U.S. Imports • The U.S. imported 12.9 million barrels per day of crude oil and finished petroleum products in 2008. Imports account for approximately two-thirds of U.S. petroleum supply. (Source: American Petroleum Institute) Taxes • The federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. • Motor gasoline taxes averaged 45.0 cents per gallon in January 2009, including the 18.4 cents per gallon in federal taxes. (Source: American Petroleum Institute) • Diesel fuel taxes averaged 50.8 cents per gallon in January 2009, from a high of 70.6 cents per gallon in Hawaii to a low of 24.4 cents per gallon in Alaska. • The states with the highest gasoline taxes, as of January 2009, are (Source: American Petroleum Institute): o New York (59.7 cents per gallon) o Washington (55.9 cents per gallon) o California (53.7 cents per gallon) • The states with the lowest gasoline taxes, as of January 2009, are: o Alaska (18.4 cents per gallon) o Georgia (30.8 cents per gallon) o Wyoming (32.4 cents per gallon) www.fpma.org Supply (MBPD = Million Barrels Per Day) • U.S. oil production in 2008 was an estimated 4.93 MBPD and is expected to increase to 5.25 MBPD in 2009. • In the U.S., ethanol accounted for 0.60 MBPD of the U.S.’ 19.5 MBPD of supply. (Source: U.S. Energy Information Administration) 28 | Petrogram | Fall 2009
Table of Contents for the Digital Edition of Petrogram - Fall 2009
Petrogram - Fall 2009
Welcome, New Board Members
Spotlight on FPMA’s 2009 Convention & Trade Show!
Protecting Your Business
Impacts of the American Clean Energy and Security Act
Out & About the Industry
SPECIAL REPORT: U.S. Petroleum Industry Statistics
Why (Your Insurance Company Thinks) Your Tank Insurance Policy Is Worthless
Index of Advertisers/Advertiser.com
Petrogram - Fall 2009
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