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Basic Petroleum Statistics

Information taken from US Energy Information Administration April, 2006

Gallons of Oil per Barrel
42
Barrels of Oil per Metric Ton (U.S.)
7.33
U.S. Crude Oil Production

5,419,000 barrels/day

State Ranking of Crude Oil Production Texas - 1,073,000 barrels/day
U.S. Crude Oil Imports

10,088,000 barrels/day

U.S. Crude Oil Imports from OPEC
5,042,000 barrels/day
Top U.S. Crude Oil Supplier
Canada - 1,616,000 barrels/day
U.S. Petroleum Product Imports

3,057,000 barrels/day

U.S. Petroleum Product Imports from OPEC
659,000 barrels/day
U.S. Net Petroleum Imports

12,097,000 barrels/day

Top U.S. Total Petroleum Supplier
Canada - 2,138,000 barrels/day
Top Oil Producing Countries & Exporters

#1 - Saudi Arabia

Top Oil Consuming Countries & Importers

#1 - United States

U.S. Total Petroleum Exports

1,048,000 barrels/day

U.S. Petroleum Consumption

20,731,000 barrels/day

Dependence on Net Petroleum Imports (2005)
59.8%
Crude Oil Domestic First Price wellhead price 
$71.62/barrel
(as of 06/12/2006)
Motor Gasoline Retail Prices U.S. City Average
$2.34/gallon
Regular Grade Motor Gasoline Retail Prices U.S. City Average (2005)
$2.30/gallon
Premium Motor Gasoline Retail Prices U.S. City Average (2005)
$2.49/gallon
Federal Motor Gasoline Tax
18.4 cents/gallon
U.S. Motor Gasoline Consumption
9,105,000 barrels/day (382.4 million gallons/day)
Share of US Oil Consumption for Transportation
67%
U.S. Average Home Heating Oil Price (2005)
$2.05/gallon (excluding taxes)
Number of U.S. Operable Petroleum Refineries
148
Ranking of U.S. Refining Capacity #1 - Baytown, Texas (ExxonMobil) 557,000 barrels/day
Top U.S. Petroleum Refining States #1 - Texas 4,628,000 barrels/day
U.S. Proved Reserves of Crude Oil as of December 31, 2004
21,371 million barrels
Top U.S. Oil Fields as of December 31, 2004
Prudhoe Bay, AK
Top U.S. Producing Companies as of December 31, 2004
BP - 827,000 barrels/day
U.S. Strategic Petroleum Reserve
676 million barrels

 

What is refined from a Barrel of Oil

A barrel of Petroleum Crude Oil is 42 US gallons.

Gasoline (Motor Fuel) 45.0%

Distillate Fuel Oil 25.6%

  • Home Heating Oil
  • Diesel Fuel
  • Refinery Fuels
  • Industrial Fuels

Kerosene Jet Fuel 9.8%

Petroleum Coke 5.5%

  • Carbon Electrodes
  • Coke (fuel)

Still Gas (refinery fuel) 4.4%

Residual Fuel Oils 4.3%

  • Boiler fuels
  • Refinery fuels
  • Bunker Fuels
  • IFO's (Industrial Fuel Oils)
  • MFO's (Marine Fuel Oils)
  • Wood preservatives

Liquefied Refinery Gases 3.6%

  • Petrochemical Feedstocks
  • Heating
  • Cooking
  • Synthetic materials (rubber)

Asphalt and Road Oil 3.1%

  • Paving
  • Roofing
  • Waterproofing

Petrochemical Feedstocks 2.4%

  • Alcohols (not for consumption)
  • Resins
  • Fibers
  • Medicines
  • Cosmetics
  • Plastics
  • Detergents

Lubricants 1.1%

  • Motor Oil
  • Lubricating Oils
  • Transmission Oils
  • Household Oils
  • Spindle Oils
  • Greases

Kerosene .05%

  •  Illumination

  • Space Heating

  • Cooking

  • Motor Fuel

Special Naphtha's 0.2%

Aviation Gasoline 0.1%

Waxes .01%

  • Fruits
  • Vegetables
  • Candy
  • Chewing Gum
  • Candles
  • Matches
  • Crayons
  • Pencils
  • Sealing Wax
  • Canning Wax

Miscellaneous Products 0.4%

  • Specialty oils
  • Machinery oils
  • Petroleum jelly
  • Acids
  • Fertilizers
  • Ointments
  • Food processing

Note: Due processing gains made during the refining processes the percentages add up to more than 100%.

Source: US Energy Information Administration

William R. Richards

 

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Last modified: 08/14/11