Wednesday, October 07, 2009

Gasoline Consumption Remains at 2003-2004 Levels

The Energy Information Administration reported that for the first week of October 2009 gasoline consumption levels remained at a rate equivalent to usage in 2003 and 2004. In total 9.04 million barrels of Finished Motor Gasoline Product were supplied for consumption. However this figure represents a nearly 3% climb from October, when only 8.8 million barrels were supplied. A level not seen since October 2002.

US Gasoline production/consumption peaked during the week of July 27, 2007 when nearly 9.7 million barrels were supplied. Gasoline at the time was priced at around $3 a gallon.