Exhibit O 2015 NACS Fuels ReportNACS Online / Your Business / NACS Retail Fuels Reports / 2015 NACS Retail Fuels Report / Statistics And Historical
Context / The U.S. Petroleum Industry: Statistics, Definitions
THE U.S. PETROLEUM INDUSTRY: STATISTICS, DEFINITIONS
Crude Oil & Liquid Fuels
Crude oil and liquid fuels demand in 2014 averaged 91.4 million barrels per day worldwide, an increase of 0.9 million
barrels per day over 2013. Demand is projected to increase to 92.4 million barrels per day in 2015 and 93.4 million
barrels per day in 2016. (Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2015)
U.S. crude oil and liquid fuels consumption was 19.1 million barrels per day in 2014, and is expected to be 19.3
million barrels per day in 2015. (Source: U.S. Energy Information Administration, Short-Term Energy Outlook,
January 2015)
America oil consumption per capita is 0.06102 barrels of oil per day, or 22.27 barrels of oil per year. Several countries
have much higher per-capita oil consumption including Singapore (0.20174 barrels/day) and Luxembourg (0.11884
barrels/day). Canadian per-capita oil consumption is 0.0664 barrels/day, slightly more than in the United States.
(Source: CIA World Factbook)
There are 195 widely traded crude oil streams traded on the markets, with the two most popular being West Texas
Intermediate (WTI) and Brent Blend. Lots are purchased in 1,000-barrel increments. (Source: Crude Oil Market
Handbook, 2011)
Motor Fuels
U.S. gasoline demand increased 1.1% to 8.9 million barrels per day in 2014, approximately 374 million gallons per
day, or about 37 million fill-ups per day (based on a 10-gallon fill-up). Demand is expected to increase to 9.0 million
barrels per day in 2015. (Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2015)
Despite two straight years of demand increases, U.S. gasoline demand has decreased overall since it peaked in
2007.
Year Gasoline
demand
(million
barrels/day)
2014 8.9
2013 8.8
2012 8.7
2011 8.8
2010 9.0
2009 9.0
2008 9.0
2007 9.3
(Source: U.S. Energy Information Administration, “U.S. Product Supplied of Finished Motor Gasoline”)
U.S. gasoline demand increases over the first half of the year and peaks in the warmer months. In 2014, demand per
day in August was 10.3% higher than in January. The demand increases in the last three months are attributed to
sharp decreases in gas prices.
Month in
2014
Gasoline
Demand
(million
barrels/day)
Change
from
Month
Prior
January 8.278 -6.5%
February 8.325 +0.6%
March 8.794 +5.6%
April 8.683 -1.3%
May 9.100 +4.8%
June 8.966 -1.5%
July 8.948 -0.2%
August 9.127 +2.0%
September 8.690 -4.8%
October 8.911 +2.5%
November 9.220 +3.5%
December 9.263 +0.5%
(Source: U.S. Energy Information Administration, “Weekly Average U.S. Product Supplied of Finished Motor
Gasoline”)
In 2013, weekly demand was at its lowest the week of January 10 (8.021 million barrels/day; gas prices averaged
$3.32) and at its highest the week of December 26 (9.614 million barrels/day; gas prices averaged $2.43). (Sources:
U.S. Energy Information Administration, “Weekly Average U.S. Product Supplied of Finished Motor Gasoline”; OPIS
Retail Fuel Watch)
Gasoline demand was 47% of total U.S. petroleum demand in 2014. (Source: U.S. Energy Information
Administration, Short-Term Energy Outlook, January 2015)
The average American household is forecast to spend $1,962 on gasoline purchases in 2015, about $550 less than
in 2014 and the lowest level in 11 years. Gasoline purchases typically account for 5% of household expenditure.
(Source: U.S. Energy Information Administration, “Today in Energy”)
The average American household consumes 729 gallons of gasoline per year, or 384 per vehicle per year. (Source:
U.S. Energy Information Administration)
Vehicles
Americans depend upon the automobile to get to work. 85% drive or carpool as their primary means of transport to
work, compared to 5% who use public transit, 3% who walk and 4% who work at home. (Source: U.S. Department of
Commerce; U.S. Census Bureau)
Americans travelled 8.210 billion miles per day in 2014, and are expected to travel 8.354 billion miles per day in 2015.
With 253.6 million registered vehicles in the United States, this means that the average vehicle in 2014 travelled 32
miles per day. (Source: U.S. Energy Information Administration, Short-Term Energy Outlook, January 2015)
There were 253.6 million registered vehicles in the United States in 2012. (Source: U.S. Federal Highway
Administration)
The average age of vehicles on U.S. roads has steadily increased. In 2014, the average age of vehicles was 11.4
years and it is expected to increase to 11.9 years in 2019. A decade ago (2003), the average age of vehicles was 9.7
years (Source: HIS Automotive)
A total of 16.4 million light-vehicles were sold in 2014, an increase of 5.8% from 2013, and the strongest sales year
since 2006. (Source: National Automobile Dealers Association)
The average adjusted fuel economy for new cars in 2014 was 27.6 miles per gallon for cars and 19.8 mpg for trucks.
(Source: Environmental Protection Agency)
Gasoline-powered cars accounted for 93.5% of the light vehicle market; diesel-powered car captured 3.0% of the
overall light vehicle market. Diesel-powered light vehicle sales in the United States were 489,612 in 2014, a 10.6%
increase over the year prior. (Source: WardsAuto)
Approximately 119,710 plug-in electric vehicles were sold in the United States in 2014, a 23% increase from 2013.
This sales total represents less than 1% of all vehicles sold in 2014. (Source: InsideEVs.com)