Jet fuel consumption decreased 62% from 2019 to 2020 (the largest decrease of any petroleum product last year) to its lowest level since 1983. Jet fuel and aviation gasoline accounted for 6% of total U.S. The remaining 75% is primarily consumed as chemical feedstock for making plastics in the industrial sector. Propane makes up 25% of total HGL consumption, and it is consumed in the residential, commercial, industrial, and transportation sectors. Last year, HGL consumption reached a record-high 3.2 million b/d. Hydrocarbon gas liquids accounted for 18% of total U.S. In 1950 Aramco opened a pipeline from Saudi Arabia to the Mediterranean Sea port of Sidon. refineries into petroleum productssuch as gasoline, heating oil, diesel fuel, and jet fuelthat the U.S. However, some of the crude oil that the U.S. companies joined after oil was found near Dhahran in 1938. The United States remained a net crude oil importer in 2021, importing about 6.11 million b/d of crude oil and exporting about 2.96 million b/d. of California (Chevron) in 1933, when the government of Saudi Arabia granted it a concession. diesel consumption decreased 8% from 2019 to 2020. Saudi Aramco, also called Saudi Arabian Oil Company, formerly Arabian American Oil Company, Oil company founded by the Standard Oil Co. and Canadian rig count and drilling data, and use s graphing tools to compare oil prices, frac spread, production and drilling data per basin or province. Diesel is consumed in every sector, but more than three-quarters is consumed in the transportation sector, mostly by commercial trucks, ships, and trains. gasoline consumption decreased to 8 million b/d, down 14% from 2019, to the lowest level since 1997.ĭistillate fuel oil, or diesel fuel, accounted for 21% of U.S. Most gasoline consumption in the United States occurs in the transportation sector (96%), and the industrial and commercial sectors consume the rest. Motor gasoline, the most-consumed petroleum product in the United States, accounted for 44% of U.S. HGLS are primarily used to make plastics instead of being consumed as fuel. Hydrocarbon gas liquids (HGLs) were one of the few petroleum product categories to see increased consumption in 2020.
#American oil drivers#
Responses to the COVID-19 pandemic were the main drivers of the decline in petroleum consumption, particularly for transportation fuels. Energy Information Administration, Monthly Energy Review
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