By the end of 2013 in the US was about 256 million motor vehicles (including motorcycles, according to the data of the US Federal Highway Administration, FHWA). A growing number of automobiles and trucks was one of the main drivers of increased petroleum consumption over the years. The financial crisis of 2008 caused a sharp increase in demand for energy-efficient engines and alternative fuels. The overall demand for motor gasoline in the US has still not recovered to pre-crisis levels.
However, each year petroleum consumption is increasing during the driving season, from the late-spring, during the summer vacation season until the mid-autumn. Total demand for petroleum products in the US increase about 2% in Q3 relative to Q2 over the years on average. This seasonality in consumption patterns partially explains recent rise in gasoline and crude oil prices.
Sources: International Energy Statistics, February 2015, STATE MOTOR-VEHICLE REGISTRATIONS 1994-2013
The Energy Data Brief offers key statistics designed to help energy market watchers anticipate and respond to developments in the energy sector as well as changes in related industries and investments.
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