A couple of charts I produced from the Energy Information Administration (EIA) Weekly Petroleum Report will explain.
Percentage Change 2016 vs. 2015
I left off fuel oil (up 42.95%) as it distorted the chart. As you can see from the first chart, fuel oil is an insignificant amount of the total usage.
- Total: +1.62%
- Gasoline: +3.38%
- Jet Fuel: +3.67%
- Diesel: -5.99%
- Fuel Oil: +42.95%
- Propylene: +2.06%
- Other: +2.17%
Diesel usage (primarily truck shipping) is down, all other petroleum usage is up.
Mike “Mish” Shedlock