Oil Consumption

Oil, Gasoline, Consumption, Prices

US Transportation Energy (28%)

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

Annual Consumption Gasoline Consumption:

700 gal per vehicle

Gasoline Cost: $2,000 per vehicle

CO2 emissions:7 ton per vehicle

Gasoline Pump Price: From 1919

0

50

100

150

200

250

300

350

19

19

19

23

19

27

19

31

19

35

19

39

19

43

19

47

19

51

19

55

19

59

19

63

19

67

19

71

19

75

19

79

19

83

19

87

19

91

19

95

19

99

20

03

20

07

Ce

nts

pe

r G

all

on

; Y

ea

r 2

00

5 D

oll

ars

Projections

Real (2005=1) Price

Nominal Price

Gasoline Pump Price: From 1980

0

50

100

150

200

250

300

350

Jan

-80

Jan

-82

Jan

-84

Jan

-86

Jan

-88

Jan

-90

Jan

-92

Jan

-94

Jan

-96

Jan

-98

Jan

-00

Jan

-02

Jan

-04

Jan

-06

Cen

ts p

er G

allo

n Real (2005=1) Price

Nominal Price

Projections

Gasoline Price Components

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

Gasoline is derived from Crude Oil

Oil

Oil Refinery

Oil Refinery

Gasoline Hydrocarbon

chainsCH2-CH2-CH2-----

Combustion2CH2 + 3O2

2CO2 + 2H2O

US Oil Consumption(40 Quad)

Oil Consumption US Consumption:

21 MBD Global

Consumption: 84 MBD

US Imports12 MBD

US Sources of Oil

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%

OPEC Organization of the Petroleum

Exporting Countries

Imported Crude Oil Price

0

10

20

30

40

50

60

70

80

90

100

Jan

-80

Jan

-82

Jan

-84

Jan

-86

Jan

-88

Jan

-90

Jan

-92

Jan

-94

Jan

-96

Jan

-98

Jan

-00

Jan

-02

Jan

-04

Jan

-06

Do

llar

s p

er B

arre

l

Real (2005=1) Price

Nominal Price

Projections