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Petroleum Imports/Exports in United States
- By Oil and Gas Author
- Published 09/4/2006
- Crude Oil Petroleum , Natural Gas Petroleum , Exploration and Discoveries , Liquefied Natural Gas LNG , Offshore Drilling , Petroleum Pipeline
- Unrated
Oil and Gas Author
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View all articles by Oil and Gas AuthorThe United States consumed an average of about 20.6 million bbl/d of Oil during the first nine months of 2005, the same amount year-over-year as in 2004. Of this, motor Gasoline consumption was 9.1 million bbl/d (or 44 percent of the total), distillate fuel oil consumption was 4.1 million bbl/d (20 percent), jet fuel consumption was 1.6 million bbl/d (8 percent), and residual fuel oil consumption was 0.9 million bbl/d (4 percent). For 2005 as a whole, EIAs Short-Term Energy Outlook projects that U.S. Petroleum demand will decline by 16,000 bbl/d, to an average 20.6 million bbl/d, in response to the combined effects of the hurricanes and high Crude Oil and product prices. EIA expects motor gasoline, jet fuel, and residual demand all to remain about flat -- at 9.1 million bbl/d, 1.6 million bbl/d, and 0.9 million bbl/d, respectively. EIA expects distillate demand in 2005 to grow by about 1%, to 4.1 million bbl/d. Finally, EIA forecasts demand for "other oils" (Natural Gas liquids, liquefied refinery gas, other liquids, etc.) to decline by over 4%, to 4.9 million bbl/d, in 2005.
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