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Overview of Oil Consumption and Gasoline Pricing in the U.S.

This analysis explores the complexities of oil and gasoline consumption in the United States, detailing critical statistics such as the annual consumption of gasoline per vehicle (700 gallons), average gasoline costs ($2,000 per vehicle), and CO2 emissions (7 tons per vehicle). With a population of 300 million and 190 million licensed drivers, the U.S. exhibits significant transportation energy consumption patterns (28% of total energy). The composition of gasoline pricing is broken down into crude oil, refining, distribution, and taxes to illustrate the economic factors at play.

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Overview of Oil Consumption and Gasoline Pricing in the U.S.

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  1. Oil Consumption Oil, Gasoline, Consumption, Prices

  2. US Transportation Energy (28%)

  3. US Cars and Drivers • US Population: 300 million • Licensed drivers: 190 million • Cars and light trucks: 210 million • Miles per vehicle: 14,000 • MPG: 20

  4. Annual Consumption • Gasoline Consumption: 700 gal per vehicle • Gasoline Cost: $2,000 per vehicle • CO2 emissions: 7 ton per vehicle

  5. Gasoline Pump Price: From 1919

  6. Gasoline Pump Price: From 1980

  7. Gasoline Price Components

  8. Gasoline Profits When you buy a gallon of gas at $2.50. $1.33 for crude oil $0.48 for refining $0.23 for distribution $0.48 for taxes $$  producers & refiners

  9. Gasoline is derived from Crude Oil

  10. Oil

  11. Oil Refinery

  12. Oil Refinery

  13. Gasoline • Hydrocarbon chains CH2-CH2-CH2----- • Combustion 2CH2 + 3O2 2CO2 + 2H2O

  14. US Oil Consumption(40 Quad)

  15. Oil Consumption • US Consumption: 21 MBD • Global Consumption: 84 MBD • US Imports 12 MBD

  16. US Sources of Oil

  17. Global Oil Resources • Saudi Arabia 26% • Iraq 11% • Iran 10% • Kuwait 10% • UAE 6% • Russia 5% • Venezuela 5% • Nigeria 3% • Libya 3% • China 3% • Mexico 2% • United States 2%

  18. OPECOrganization of the Petroleum Exporting Countries

  19. Imported Crude Oil Price

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