![]() ![]() The recent spikes in world oil prices along with the ongoing presidential and congressional races have combined to make America’s energy policy a significant political issue for the first time in two decades. Tackling the tradeoffs in oil consumption The volume of total transportation sector liquid fuels consumption is projected to be about the same in 2050 as in 2021.A weekly presentation of downloadable charts and short analyses designed to graphically illustrate important economic issues. energy consumption through 2050.Īlso in the Reference case, liquid fuels continue as the main energy source for the transportation sector, but the percentage share falls slightly from 96% in 2021 to 92% in 2050. Liquid fuels will account for about 36% to 38% of total annual U.S. Total consumption levels of petroleum and other liquids are projected to be about 14% greater in 2050 than in 2021. total consumption of petroleum and other liquids to increase in most years through 2050. Energy Information Administration projects U.S. In the Annual Energy Outlook 2022 Reference case, the U.S. The five largest petroleum-consuming countries, and their percentage shares of total world petroleum consumption in 2019, were:.Total world consumption of petroleum in 2019 was about 100.37 million b/d. How much petroleum does the world consume? Note: Sum of individual products may not equal total because of independent rounding. Energy Information Administration, Petroleum and Other Liquids-Product Supplied, as of May 2022 ![]() petroleum products consumed in 2021 ProductĪnnual consumption (million barrels per day)ĭistillate fuel oil (diesel fuel and heating oil) 1ġ Includes biofuels in gasoline and in distillate fuels.Ģ Includes other liquids not included in the table.ĭata source: U.S. ![]() Jet fuel consumption averaged about 1.37 million b/d (58 million gallons per day) in 2021, accounting for about 7% of total petroleum consumption. Jet fuel is the fourth most-used petroleum product in the United States. Total consumption of HGLs in 2021 averaged about 3.41 million b/d, accounting for about 17% of total petroleum consumption. Hydrocarbon gas liquids (HGLs), the third most-used category of petroleum in the United States, include propane, ethane, butane, and other HGLs that are produced at natural gas processing plants and oil refineries. Total distillate fuel oil consumption in 2021 averaged about 3.94 million b/d (669 million gallons per day), equal to 29% of total U.S. Heating oil, also called fuel oil, is used in boilers and furnaces for heating homes and buildings, for industrial heating, and for producing electricity in power plants. Diesel fuel is used in the diesel engines of heavy construction equipment, trucks, buses, tractors, boats, trains, some automobiles, and electricity generators. Distillate fuel oil includes diesel fuel and heating oil. petroleum consumption.ĭistillate fuel oil is the second most-consumed petroleum product in the United States. In 2021, consumption of finished motor gasoline averaged about 8.8 million b/d (369 million gallons per day), which was equal to about 44% of total U.S. Gasoline is the most consumed petroleum product in the United States. Consumption of most petroleum products in 2021 was higher than in 2020.Ĭlick to enlarge What are the petroleum products people consume most? economy recovered from the effects of responses to the COVID-19 pandemic. total petroleum consumption was about 8% higher in 2021 than the level in 2020 largely because the U.S. petroleum consumption averaged about 19.78 million barrels per day (b/d), which included about a million b/d of biofuels. In the industrial sector, the petrochemical industry uses petroleum as a raw material (a feedstock) to make products such as plastics, polyurethane, solvents, and hundreds of other intermediate and end-user goods. We use petroleum products to propel vehicles, to heat buildings, and to produce electricity. Petroleum has historically been the largest major energy source for total annual U.S. Biofuels are also used as petroleum products, mainly in mixtures with gasoline and diesel fuel. ![]() Crude oil and other liquids produced from fossil fuels are refined into petroleum products that people use for many different purposes. ![]()
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