EIA Chart Measures Weekly US Fuel Consumption

The Energy Information Agency puts out weekly statistics on Energy supply and demand. One very useful chart is the US Weekly Product supplied which can be used to approximate the level of Gasoline consumption in the US.

The information for last week (6/06/08) was that consumption increased by .2% over the week before (5/30/08). But declined 1.4% when compared to last year (6/01/07). In a nutshell 2008 consumption is looking like 2006 consumption.

One interesting thing to note is that spring/summer fuel consumption seems to rise until to Mid August however this year there was a pause in that trend during the week of May 30. The same week that the national average was approaching $4 a gallon.

Finished Motor Gasoline Consumption (Thousands of Barrels per Day)

Current Trend
June 8, 2008 - 9,318
May 30, 2008 - 9,301
May 23, 2008 - 9,347
May 16, 2008 - 9,301

Historical Comparison
June 1, 2007 - 9,454
June 2, 2006 - 9,329
June 7, 1998 - 8,345

Peak Week
July 27, 2007 - 9,681

Source EIA (Chart)