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July 14, 2016 | Petroleum Usage 2016 vs 2015: Everything Higher but Diesel

Mike 'Mish' Shedlock

Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.

US petroleum usage in 2016 is up in every category this year compared to last year with the exception of diesel.

A couple of charts I produced from the Energy Information Administration (EIA) Weekly Petroleum Report will explain.

Usage in Barrels

Petroleum YTD 20-16-07-14A

Percentage Change 2016 vs. 2015

Petroleum YTD 20-16-07-14B

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.

Percentage Changes

  • 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

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July 14th, 2016

Posted In: Mish Talk

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