Coolest Post Of The Day: Breaking All Kinds Of Records -- May 28, 2015

It took awhile for the EIA to massage the data, I guess, but the report was finally released, and what a report it was. Look at the increase in gasoline demand for the most recent reporting period. It looks like about 150,000 bbls per day more than last year:

Then this data. For all that talk about less gasoline demand in this country, this is the data from 2000 to most recent reporting period, March, 2015. U.S. Product Supplied of Finished Motor Gasoline (Thousand Barrels):

The columns across are monthly, January to December. Source.

A couple of observations:

• I may have missed it, but I don't believe "280,000 or more" was seen prior to the year 2000
• greater than 280 million bbls of finished motor gasoline per month is seldom reached
• greater than 290 million bbls has been reached a few times, but it is rare
• we came close to 300 million bbls in the summer of 2007, just before the great recession
• 280,708 in March, 2015, from 269,207 in March, 2014 represents a 4% increase
• the high last summer was 287,911,000 bbls in August; a 4% increase would be 299,427,000 -- about as close to 300 million bbls as one can get without going over

My hunch is that we will go over 300 million bbls of gasoline in the month of August, 2015.

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Back on , January 19, 2015, I wrote:

Has the US ever gone over 9.5 million bpd gasoline demand? Yes, starting back in 2003 there were many periods in which demand for gasoline in the US fluctuated around 9.5 million bopd.

• fourth week in August, 2003: 9.668 bpd
• second week in August, 2004: 9.521 bpd
• third week in August, 2005: 9.471
• first week in August, 2006: 9.697
• third week in August, 2007: 9.762
• the last week of August, 2014: 9.480 million bpd

I am unaware of any weekly period in which gasoline demand went over 9.5 million bpd over the Memorial Day Weekend, but it certainly looks like we could do that later this spring. 

Wow, that was back on January 15, 2015, when I wrote that. How did we do? We won't know for another week, but we went over 9.7 million bopd in the most recent reporting week:

Weekly U.S. Product Supplied of Finished Motor Gasoline (Thousand Barrels per Day):

I think that's an all-time record for the fourth week in May; if not an all-time record for the fourth week in May, awfully close.

So, back in January, I predicted that we would go over 9.5 million bpd this past Memorial Day weekend which would be a record. We won't know for another week or so, but at 9,734,000 bbls / day last week, that came close to hitting an all-time record. I think the record is 9,762,000 bbls / day, set in the third week of August, 2007.

Wow, wow, wow.

Wow.

By the way, the record for number of US drivers driving on Memorial Day was set in 2005; the AAA prediction is that 2015 will set a new record. That number has not yet been posted. 

Note: I often make typographical and factual errors in my exuberance. There may be many typographical and factual errors on this page. If this information is important to you, go to the source. Let me know if CNBC talking heads are talking about these records. Based on what little I hear on the radio or television, I get the feeling that most folks think gasoline consumption is dropping in the US.


Living Next Door To Alice, Smokie
Be sure to read this week's EIA "Week in Petroleum," released May 28, 2015.

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Flashback: From 2010

Do you realize 25% of all married men kiss their wife good-bye when they leave the house?

Of these same men, 90% will kiss their house good-bye when their wife leaves.

I don't remember who sent me that. Probably Don.