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Key information about United States Oil Consumption
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TwitterIn 2024, the United States consumed nearly ** million barrels of oil daily. In comparison to the previous year, figures decreased by around *** percent. Within the period of consideration, the figure peaked at **** million barrels of oil daily in 2005. The U.S. is the country with the highest oil consumption in the world. Domestic production U.S. oil production saw a noticeable growth after the Great Recession, as the energy industry developed extraction technologies to reduce the need to import high-priced oil. In 2021, domestic production amounted to **** million barrels per day, while figures in 2008 stood at *** million barrels per day. Texas is by far the leading crude oil producing state, with an annual production of *** billion barrels in 2024. New Mexico was the second largest producer, at a third of Texas’ production. American oil companies As of June 2025, ExxonMobil had the highest market capitalization of any oil and gas producer in the world. Chevron and ConocoPhillips were also among the top 10 oil and gas companies worldwide based on market value, ranking ****** and ******** respectively. ExxonMobil was founded in 1999, as a merger of Exxon and Mobil, formerly the Standard Oil Company of New Jersey and Standard Oil Company of New York, respectively. ExxonMobil is headquartered in Irving, Texas (although it has recently announced it will move its headquarters further South to its Houston campus) and generated an operating revenue of *** billion U.S. dollars in 2023. This figure represented an increase in comparison to 2021, when the company’s revenue dropped as a consequence of the coronavirus pandemic.
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TwitterThe United States consumed 23.5 million barrels of petroleum and petroleum products per day in 2024. This figure represents an increase compared to the previous two years. Overall, petroleum use in the U.S. grew within the period of consideration.
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View yearly updates and historical trends for US Oil Consumption. from United States. Source: Energy Institute. Track economic data with YCharts analytics.
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TwitterThe transportation sector is the greatest consumer of petroleum in the United States. In 2024, it was responsible for the consumption of roughly 13.8 million barrels of petroleum per day. The industrial sector followed, using an average of 5.4 million barrels per day.
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TwitterThe consumption of oil has steadily increased over the last three decades, totaling ************ metric tons in 2024, compared to ************ metric tons consumed the previous year. The only decline during this period was observed around the 2008-2009 financial crisis and around the 2020 coronavirus pandemic. Regional oil consumption The United States and China are the countries with the highest oil consumption. Overall, oil consumption worldwide reached a new high in 2023, when it exceeded *********** metric tons for the first time. However, this growth in consumption was the highest in Asia Pacific, where figures went up by some *** percent. In the United States, high consumption levels were held up by demand for petrochemicals as well as increased industrial production and demand for transportation by trucks. What is crude oil? Crude oil is a mixture of hydrocarbons from plant animal life that was formed under immense pressure. It generally exists in liquid form and can be found in underground pools or reservoirs, in small spaces within sedimentary rocks, and near the Earth’s surface as a tar (also known as oil sands). In turn, crude oil and other hydrocarbons in natural gases are refined to form petroleum products such as gasoline and jet fuel.
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TwitterThe United States consumed ******million metric tons of oil in 2024. This represented a slight decrease in comparison to the previous year. Oil consumption in the United States reached a record low in 2020. Liquid fuels are the country's main energy source.
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TwitterThe global demand for crude oil (including biofuels) in 2024 amounted to 103.75 million barrels per day. The source expects economic activity and related oil demand to pick up by the end of the year, with forecast suggesting it could increase to more than 105 million barrels per day. Motor fuels make up majority of oil demand Oil is an important and versatile substance, used in different ways and in different forms for many applications. The road sector is the largest oil consuming sector worldwide. It accounts for nearly one half of the global demand for oil, largely due to reliance on motor spirits made from petroleum. The OPEC projects global oil product demand to reach 120 million barrels per day by 2050, with transportation fuels such as gasoline and diesel expected to remain the most consumed products. Diesel and gasoil demand is forecast to amount to 32.5 million barrels per day in 2050, up from 29 million barrels in 2023. Gasoline demand is forecast at 27 million barrels by 2050. Differences in forecast oil demand widen between major energy institutions Despite oil producing bodies such as the OPEC seeing continued importance for crude oil in the future, other forecast centers have been more moderate in their demand outlooks. For example, between the EIA, IEA, and OPEC, the latter was the only one to expect significant growth for oil demand until 2030.
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The average for 2022 based on 25 countries was 204.82 thousand barrels per day. The highest value was in the USA: 4025.57 thousand barrels per day and the lowest value was in Montserrat: 0.09 thousand barrels per day. The indicator is available from 1980 to 2023. Below is a chart for all countries where data are available.
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TwitterThe United States and China are the top largest consumers of oil in the world, totaling ********** and ************ barrels per day, respectively. In the last decade, the share of global oil consumption from Europe and North America have begun to decline, whereas consumption levels from Asia Pacific and other regions have risen. As other sources of energy become more cost effective and due to the prominence of new transportation technologies, oil consumption worldwide is expected to reach a peak in the near future. Refining oil Crude oil is refined into petroleum products, such as gasoline and diesel fuel, and used for a wide variety of products, although many refineries focus on transportation fuels. Generally, crude oil feedstocks are processed by an oil production plant and is an essential part of the downstream petroleum industry.
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The average for 2014 based on 26 countries was 944.73 thousand barrels per day. The highest value was in the USA: 19106 thousand barrels per day and the lowest value was in Montserrat: 0.6 thousand barrels per day. The indicator is available from 1980 to 2014. Below is a chart for all countries where data are available.
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Honduras: Oil consumption, thousand barrels per day: Pour cet indicateur, The U.S. Energy Information Administration fournit des données pour la Honduras de 1980 à 2014. La valeur moyenne pour Honduras pendant cette période était de 28.71 thousand barrels per day avec un minimum de 11 thousand barrels per day en 1981 et un maximum de 53 thousand barrels per day en 2014.
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Graph and download economic data for Personal consumption expenditures: Nondurable goods: Fuel oil and other fuels (DFULRC1A027NBEA) from 1929 to 2024 about fuels, nondurable goods, oil, PCE, consumption expenditures, consumption, personal, goods, GDP, and USA.
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Indonesia Total Energy Consumption: Petroleum and Other Liquids data was reported at 3.193 BTU qn in 2023. This records an increase from the previous number of 3.010 BTU qn for 2022. Indonesia Total Energy Consumption: Petroleum and Other Liquids data is updated yearly, averaging 2.484 BTU qn from Dec 1980 (Median) to 2023, with 44 observations. The data reached an all-time high of 3.359 BTU qn in 2018 and a record low of 0.855 BTU qn in 1980. Indonesia Total Energy Consumption: Petroleum and Other Liquids data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s Indonesia – Table ID.EIA.IES: Energy Production and Consumption: Annual.
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United States Total Energy Consumption: Petroleum and Other Liquids data was reported at 36.899 BTU qn in 2023. This records an increase from the previous number of 36.717 BTU qn for 2022. United States Total Energy Consumption: Petroleum and Other Liquids data is updated yearly, averaging 35.912 BTU qn from Dec 1980 (Median) to 2023, with 44 observations. The data reached an all-time high of 40.573 BTU qn in 2005 and a record low of 30.032 BTU qn in 1983. United States Total Energy Consumption: Petroleum and Other Liquids data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s United States – Table US.EIA.IES: Energy Production and Consumption: Annual.
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Uganda Total Energy Consumption: Petroleum and Other Liquids data was reported at 0.089 BTU qn in 2023. This records an increase from the previous number of 0.087 BTU qn for 2022. Uganda Total Energy Consumption: Petroleum and Other Liquids data is updated yearly, averaging 0.020 BTU qn from Dec 1980 (Median) to 2023, with 44 observations. The data reached an all-time high of 0.089 BTU qn in 2023 and a record low of 0.007 BTU qn in 1981. Uganda Total Energy Consumption: Petroleum and Other Liquids data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s Uganda – Table UG.EIA.IES: Energy Production and Consumption: Annual.
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Panama: Oil consumption, thousand barrels per day: Pour cet indicateur, The U.S. Energy Information Administration fournit des données pour la Panama de 1980 à 2014. La valeur moyenne pour Panama pendant cette période était de 83.71 thousand barrels per day avec un minimum de 52 thousand barrels per day en 2008 et un maximum de 136 thousand barrels per day en 2014.
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TwitterAll data made available in bulk through the EIA Open Data API, including:
Archived from https://www.eia.gov/opendata/bulkfiles.php. The Annual Energy Outlook data is also archived separately here.
This archive contains raw input data for the Public Utility Data Liberation (PUDL) software developed by Catalyst Cooperative. At present, PUDL integrates only a few specific data series related to fuel receipts and costs figures from the Bulk Electricity API. It is organized into Frictionless Data Packages. For additional information about this data and PUDL, see the following resources:
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Tchad: Oil consumption, thousand barrels per day: Pour cet indicateur, The U.S. Energy Information Administration fournit des données pour la Tchad de 1980 à 2014. La valeur moyenne pour Tchad pendant cette période était de 1.59 thousand barrels per day avec un minimum de 0.9 thousand barrels per day en 1984 et un maximum de 2.4 thousand barrels per day en 1990.
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Sierra Leone Total Energy Consumption: Petroleum and Other Liquids data was reported at 0.019 BTU qn in 2023. This records an increase from the previous number of 0.018 BTU qn for 2022. Sierra Leone Total Energy Consumption: Petroleum and Other Liquids data is updated yearly, averaging 0.012 BTU qn from Dec 1980 (Median) to 2023, with 44 observations. The data reached an all-time high of 0.019 BTU qn in 2023 and a record low of 0.006 BTU qn in 2000. Sierra Leone Total Energy Consumption: Petroleum and Other Liquids data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s Sierra Leone – Table SL.EIA.IES: Energy Production and Consumption: Annual.
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Key information about United States Oil Consumption