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Short-Term Energy Outlook

Release Date: March 11, 2020  |  Next Release Date: April 7, 2020  |  Full Report    |   Text Only   |   All Tables   |   All Figures

Petroleum Products

EIA did not include a petroleum products section in this month’s report. EIA will resume publication of this section in April.

U.S. Petroleum and Other Liquids
  2018201920202021
Crude Oil prices (dollars per barrel)
WTI Spot Average 65.0657.0238.1950.36
Brent Spot Average 71.1964.3743.3055.36
Imported Average 61.3457.9234.3647.90
Refiner Average Acquisition Cost 64.4859.2337.3549.33
Retail prices including taxes (dollars per gallon)
Regular Gasoline 2.732.602.142.33
Diesel Fuel 3.183.062.542.73
Heating Oil 3.013.002.632.71
Production (million barrels per day)
Crude Oil 10.9912.2312.9912.66
Natural Gas Plant Liquids 4.374.815.345.49
Fuel Ethanol 1.051.031.041.03
Biodiesel 0.1210.1120.1280.149
Consumption (million barrels per day)
Motor Gasoline 9.339.279.289.20
Distillate Fuel Oil 4.154.084.024.11
Hydrocarbon Gas Liquids 3.013.133.273.43
Jet Fuel 1.711.741.771.80
Total Consumption 20.5020.4620.5220.72
Primary Assumptions (percent change from previous year)
U.S. Real GDP Growth 2.92.32.11.8
Heating Degree Days 11.80.7-6.54.1
Distillate-weighted Industrial Production 2.5-0.3-0.3-0.6

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