US Crude Oil Supply Landscape In Four Charts

According to the EIA, lower pump prices are contributing to increased gasoline consumption.

"Total U.S. liquid fuels consumption rose by an estimated 60,000 bbl/d (0.3%) in 2014. Motor gasoline consumption increased by 80,000 bbl/d (0.8%) reflecting an increase in highway travel that was partially offset by fleetwide increases in fuel efficiency...

In 2015, total liquid fuels consumption is forecast to grow by 290,000 bbl/d (1.5%). Lower pump prices contribute to an 80,000-bbl/d increase (0.9%) in motor gasoline consumption."

EIA, Short Term Energy Outlook, 10 February 2015

The charts below are from today's This Week in Petroleum Report from the US EIA.

 

 

 

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