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Another Plunge in 3-Month Rolling Average of Petroleum and Gasoline Usage
Townhall.com ^ | March 11, 2012 | Mike Shedlock

Posted on 03/11/2012 9:01:38 AM PDT by Kaslin

he following chart shows U.S. petroleum and gasoline usage for December-February compared with the same three months in prior years. Chart is courtesy of reader Tim Wallace.

Note that petroleum usage is back to December 1995 thru February 1996 levels. Gasoline usage is back to December 2001 thru February 2002 levels.

All data derived directly from the Data 10 section of the EIA download.

The daily average of each week in the listed month adds to the monthly total. Some months have four weeks others five, but over three months this tends to average out.




click on chart for sharper image


Contrary to popular belief, the decline in gasoline usage has little or nothing to do with cash-for clunkers or improved gas mileage in cars unless one fantasizes that gas mileage improvements started precisely in 2007.

Wallace comments "If this trend lasts for the rest of the year, Obama's stated goal of a 15% reduction in greenhouse gases based off 2005 numbers may be met this year instead of his 2015 goal."

Should that happen, I wonder how many will be happy with the economic result.


TOPICS: Business/Economy; Editorial
KEYWORDS:
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1 posted on 03/11/2012 9:01:39 AM PDT by Kaslin
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To: Kaslin

People are losing jobs left and right and can’t afford to fill the tank let alone buy one of these ridiculous $40K electric pieces of crap.

Yet the administration will dodder along acting like refuse smells like roses and the economy is coming up aces.

Idiots.

FUBO... over and over and over again... FUBO...


2 posted on 03/11/2012 9:06:25 AM PDT by rarestia (It's time to water the Tree of Liberty.)
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To: Kaslin

It’s hard to imagine a recovery where gas and oil usage are plunging.


3 posted on 03/11/2012 9:06:32 AM PDT by MulberryDraw (Newt: "The high price of gas is the deliberate strategy of the left.")
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Comment #4 Removed by Moderator

To: Kaslin

I’m starting to miss Jimmy Carter.


5 posted on 03/11/2012 9:09:01 AM PDT by GBA (Natural Born American)
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To: Kaslin
Note that petroleum usage is back to December 1995 thru February 1996 levels.

That's because "we're in the money", everyones back to work and driving all over the place spending their wealth.....all the way up to November 6th. : D

WooHoo! Life is good once again! /s

(in our inexpensive planet saving 0bama hybrid vehicles)

6 posted on 03/11/2012 9:09:16 AM PDT by EGPWS (Trust in God, question everyone else)
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To: GBA
I’m starting to miss Jimmy Carter.

Photobucket

7 posted on 03/11/2012 9:10:55 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Kaslin

I saw a couple of weeks ago a feature film made in one of the Soviet countries, they show major highways totally deserted, no truckers, no RVs, no cars, just a few motorbikes.

This is Obamas dream coming to reality, nobody drives, no trucking, no vacations, but plenty of recovery business for crippled and dying electric cars but only in the temperate zones as any electric car in the winter is useless.

And for some odd reason mule teams are making a comeback....


8 posted on 03/11/2012 9:11:06 AM PDT by Eye of Unk (Liberals need not reply.)
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To: Kaslin

I wonder how much of the decline is due to the relatively warm winter.


9 posted on 03/11/2012 9:11:13 AM PDT by Wissa (Gone Galt)
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To: MulberryDraw

when does the law of supply & demand kick in?.....storage facilities have to be drowning in oil


10 posted on 03/11/2012 9:11:42 AM PDT by stickywillie (a corrupt parallel universe exists beside our wonderful Constitution)
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To: MulberryDraw
It’s hard to imagine a recovery where gas and oil usage are plunging.

It's impossible, you know it, I know it, and the American people know it!

11 posted on 03/11/2012 9:12:45 AM PDT by EGPWS (Trust in God, question everyone else)
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To: Kaslin

Wonder what that red line will look like when gas gets to about $5.50/gal?


12 posted on 03/11/2012 9:13:23 AM PDT by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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To: Wissa

I was wondering the same thing. The answer is in the data break down by gasoline / fuel oil / K-1. Our fuel oil bill was well below normal this year.


13 posted on 03/11/2012 9:13:43 AM PDT by Cboldt
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To: Kaslin

Joust vait untill gasolin is 10 bucks and heating oil is 14!

Any talk of a recovery, higher employment, higher economic activity is all Obama Propaganda.


14 posted on 03/11/2012 9:14:39 AM PDT by himno hero (Obamas theme...Death to America...The crusaders will pay!)
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To: Kaslin

Is this chart based on total consumption, or is it adjusted per capita?


15 posted on 03/11/2012 9:16:40 AM PDT by rottndog (Be Prepared for what's coming AFTER America....)
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To: EGPWS
Yep, that's me in that blue Ford, barely a teenager, with my newly minted DL in hand and places to go, people to see but stuck in Jimmy Carter's oil embargoed gas line.

Hard to believe those were better days looking at that picture, but I'd like to go back...if there was no disco.

16 posted on 03/11/2012 9:18:32 AM PDT by GBA (Natural Born American)
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To: Cboldt
I was wondering the same thing. The answer is in the data break down by gasoline / fuel oil / K-1. Our fuel oil bill was well below normal this year.

The gas mileage on my vehicles goes down noticeably when it gets colder too. This graph compares a relatively warm 12/2011 - 02/2012 to a relatively cold 12/2010 - 02/2011.

17 posted on 03/11/2012 9:18:59 AM PDT by Wissa (Gone Galt)
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To: Wissa
"I wonder how much of the decline is due to the relatively warm winter."

You would think that home heating oil usage, which would manifest itself on the blue line, would be down but warmer winter weather in a normal economy should push gasoline usage up, all things considered.

People are probably hunkering down due to the gas price which will be bad news for the resorts, motels, rental car agencies, etc.

Improving economy? Keep telling yourself that, MSM.

18 posted on 03/11/2012 9:20:16 AM PDT by SnuffaBolshevik (In a tornado, even turkeys can fly.)
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To: Kaslin

I’m looking for a buggy whip factory to invest in. Keep your eyes open.


19 posted on 03/11/2012 9:21:05 AM PDT by Brilliant
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To: GBA
Yep, the good ol' days of waiting until 2:00am to visit the local all nighter because the gas lines were shorter at that time of the day...

Gas cap locks were REAL popular too.

20 posted on 03/11/2012 9:22:57 AM PDT by EGPWS (Trust in God, question everyone else)
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