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California Gasoline Use Down 2.3%, Diesel Down 3.2% in November 2009

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in November 2009 compared to the same month in 2008, according to figures released by Betty T. January through November 2009, California gasoline consumption declined 1.4% percent in November 2009 when Californians used 1.170 billion gallons of gasoline compared to 1.198 billion gallons in November 2008. in November 2008, a 19.9%

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Opinion: Why oil prices must go up

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It may be difficult to look beyond the current pricing environment for oil, but the depletion of low-cost reserves and the increasing inability to find major new discoveries ensures a future of expensive oil. The IEA predicts that the oil industry will need to spend $850 billion annually by the 2030s to increase production.

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bp Statistical Review shows 4.5% drop in primary energy consumption in 2020; mainly driven by oil

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World oil production fell for the first time since 2009 by 6.6 Oil consumption also dropped for the first time since 2009 by a massive 9.1 The oil price (Dated Brent) averaged $41.84/bbl Global oil demand fell 9.3%, with the largest falls seen in the US (-2.3 million b/d) and non-OPEC (-2.3

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EIA: world petroleum use sets record high in 2012 despite declines in North America and Europe

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The world’s consumption of gasoline, diesel fuel, jet fuel, heating oil, and other petroleum products reached a record high of 88.9 In 2009, Asia surpassed North America as the world’s largest petroleum-consuming region as consumption rebounded from its 2008 decline. Year-on-year changes in petroleum consumption by region. Source: EIA.

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EIA: Price ratio of crude oil to natural gas continues to increase

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The ratio between the spot prices of crude oil and natural gas has been generally increasing since January 2009, but it has climbed rapidly in recent months, according to data from the US Energy Information Administration (EIA). The crude oil-to-natural gas spot price ratio has implications for production and consumption.

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US Vehicle Miles Traveled Increased 2% in June Year-on-Year

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Based on preliminary reports from the State Highway Agencies, travel during June 2009 on all roads and streets in the nation increased by 2.0% (4.9 billion vehicle miles) in 2009, year-on-year. US traffic volumes started declining in November 2007 as oil prices rose and experienced dramatic drops in 2008.

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EIA: US household gasoline expenditures in 2015 tracking to be lowest in 11 years

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Should the forecast be realized, motor fuel expenditures (gasoline and motor oil) in 2015 would be below $2,000 for the first time since 2009, according to EIA’s December 2014 Short-Term Energy Outlook (STEO). The price for US regular gasoline has fallen 11 weeks in a row to an average $2.55

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