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U.S. oil consumption decreased to a 25-year low in 2020

Lockdowns and economic responses to COVID-19, as well as relatively warmer weather last year, were the key reasons for the plunge in consumption of transportation fuels, heating fuels, and fossil fuels

U.S. oil consumption decreased to a 25-year low in 2020

Washington, August 6 - Neftegaz.RU. According to the EIA, in 2020, 18.1 million barrels per day (b/d) of petroleum products were consumed in the United States, a 25-year low.

From 2019 to 2020, petroleum consumption decreased in every energy-consuming sector, and it decreased a record 15% in the transportation sector.

Responses to the COVID-19 pandemic were the main drivers of the decline in petroleum consumption, particularly for transportation fuels.
Hydrocarbon gas liquids (HGLs) were one of the few petroleum product categories to see increased consumption in 2020.

Motor gasoline, the most-consumed petroleum product in the U.S., accounted for 44% of U.S. petroleum consumption in 2020.  
Last year, U.S. gasoline consumption decreased to 8 million b/d, down 14% from 2019, to the lowest level since 1997.

Distillate fuel oil, or diesel fuel, accounted for 21% of U.S. petroleum consumption in 2020. U.S. diesel consumption decreased 8% from 2019 to 2020.

Jet fuel and aviation gasoline accounted for 6% of total U.S. petroleum consumption in 2020.
Jet fuel consumption decreased 62% from 2019 to 2020 (the largest decrease of any petroleum product last year) to its lowest level since 1983.

Author: Tsvetana Paraskova

Source : Neftegaz.RU


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