U.S. Production, Consumption, and Trade of Petroleum Products

1949 1950 1951 1952 1953 1954 1955 1956 1957 1958 1959 1960 1961 1962 1963 1964 1965 1966 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
Consumption 5.763038 6.457917999999999 7.016132 7.269617 7.599627000000001 7.756033 8.455348 8.775199 8.809011 9.117789 9.526501 9.797322 9.97611 10.400079 10.743463 11.022503 11.512436 12.084373 12.560345 13.392866 14.136795 14.697186 15.212493 16.366984 17.307679 16.65271 16.321959 17.461066 18.431419 18.846622 18.51254 17.055861 16.057696 15.29572 15.231134 15.725615 15.726418 16.280627 16.665046 17.28331 17.325153 16.988496 16.713836 17.032855 17.236731 17.718159 17.72459 18.308904 18.620304 18.91714 19.519337 19.701077 19.648707 19.761304 20.033507 20.73115 20.802162 20.687418 20.680378 19.497964 18.7714 19.180126 18.882072 18.490214 18.961128 19.1 19.532 19.692 19.952 20.512 20.543 18.186 19.89 20.01 20.181
Production 5.476783999999999 5.905575 6.719082 6.8670789999999995 7.1114 7.033207999999999 7.577532 7.950847 7.977784 7.517085 7.932458 7.964727 8.173827000000001 8.353134 8.640025 8.768559999999999 9.01389 9.579175 10.219718 10.599325 10.827375 11.296893 11.155422 11.184656 10.946099 10.462145 10.007499 9.735586999999999 9.862247 10.2748 10.135159 10.169814 10.180121 10.198883 10.24637 10.508669 10.580578 10.230827 9.944296 9.76453 9.158625 8.914209000000001 9.075882 8.868332 8.582331 8.388154 8.321828 8.294636 8.268759 8.011292000000001 7.7311000000000005 7.732573 7.669796 7.624319000000001 7.368506 7.250151 6.898363000000001 6.826545 6.860045 6.783386 7.259709 7.555834 7.860996 8.904677 10.071064 11.805 12.782 12.356 13.14 15.321 17.136 16.493 16.693 17.844 19.051
Net Imports 0.31831 0.545082 0.422307 0.5199969999999999 0.632625 0.696499 0.880482 1.006025 1.006581 1.424523 1.568537 1.612582 1.742748 1.913433 1.914518 2.056986 2.280778 2.37469 2.229948 2.608811 2.933332 3.160559 3.701466 4.518921000000001 6.024877 5.89166 5.846321 7.08965 8.564542 8.001611 7.98529 6.364609000000001 5.40109 4.298206 4.312027 4.715461 4.286134 5.438927 5.914048 6.58654 7.201752000000001 7.160887 6.625813 6.938014 7.617752 8.054042 7.885689 8.4979 9.158115 9.763532 9.912486000000001 10.419061 10.900323 10.546468 11.237789 12.096913 12.548908 12.390468 12.03583 11.113667 9.666594 9.440681 8.450308000000001 7.393134 6.237443 5.065 4.711 4.795 3.768 2.34 0.67 -0.635 -0.062 -1.191 -1.525
Source: U.S. Energy Information Administration Monthly Energy Review, Table 3.1
Notes: Consumption is based on total petroleum products supplied. 2022 data are based on an 11-month average.
This chart shows trends in total U.S. petroleum product production, consumption, and trade from 1949 to 2023. Consumption has risen fairly steadily overall, with notable drops following the oil price shocks and supply or demand disruptions of 1974, 1979, 2008, and 2020. Starting with the economic recession of 2008, consumption stayed relatively constant for the first extended period in the past 60 years. This changed in 2020, when it dipped to the lowest level since 1996 as a result of the COVID-19 pandemic. Petroleum imports peaked in 2005 and have since been declining, largely because of increased domestic production. In 2020, the United States became a net exporter.

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