Petroleum Products
EIA did not include a petroleum products section in this month’s report. EIA will resume publication of this section in April.
‹ Analysis & Projections
Short-Term Energy Outlook
Release Date: March 11, 2020 | Next Release Date: April 7, 2020 | Full Report | Text Only | All Tables | All Figures
| U.S. Petroleum and Other Liquids | ||||
|---|---|---|---|---|
| 2018 | 2019 | 2020projected | 2021projected | |
| Crude Oil prices | (dollars per barrel) | |||
| WTI Spot Average | 65.06 | 57.02 | 38.19 | 50.36 |
| Brent Spot Average | 71.19 | 64.37 | 43.30 | 55.36 |
| Imported Average | 61.34 | 57.92 | 34.36 | 47.90 |
| Refiner Average Acquisition Cost | 64.48 | 59.23 | 37.35 | 49.33 |
| Retail prices including taxes | (dollars per gallon) | |||
| Regular Gasoline | 2.73 | 2.60 | 2.14 | 2.33 |
| Diesel Fuel | 3.18 | 3.06 | 2.54 | 2.73 |
| Heating Oil | 3.01 | 3.00 | 2.63 | 2.71 |
| Production | (million barrels per day) | |||
| Crude Oil | 10.99 | 12.23 | 12.99 | 12.66 |
| Natural Gas Plant Liquids | 4.37 | 4.81 | 5.34 | 5.49 |
| Fuel Ethanol | 1.05 | 1.03 | 1.04 | 1.03 |
| Biodiesel | 0.121 | 0.112 | 0.128 | 0.149 |
| Consumption | (million barrels per day) | |||
| Motor Gasoline | 9.33 | 9.27 | 9.28 | 9.20 |
| Distillate Fuel Oil | 4.15 | 4.08 | 4.02 | 4.11 |
| Hydrocarbon Gas Liquids | 3.01 | 3.13 | 3.27 | 3.43 |
| Jet Fuel | 1.71 | 1.74 | 1.77 | 1.80 |
| Total Consumption | 20.50 | 20.46 | 20.52 | 20.72 |
| Primary Assumptions | (percent change from previous year) | |||
| U.S. Real GDP Growth | 2.9 | 2.3 | 2.1 | 1.8 |
| Heating Degree Days | 11.8 | 0.7 | -6.5 | 4.1 |
| Distillate-weighted Industrial Production | 2.5 | -0.3 | -0.3 | -0.6 |
Interactive Data Viewers
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Other Resources
Energy Price Volatility and Forecast Uncertainty documentation
(Adobe PDF file)
West Texas Intermediate (WTI) Crude Oil Price Probabilities
(Adobe PDF file)
