HomeMagazine2020June 2020, Vol. 247, No. 6COVID-19 Mitigation Results in Lowest US Petroleum Consumption in Decades

June 2020, Vol. 247, No. 6

Features

COVID-19 Mitigation Results in Lowest US Petroleum Consumption in Decades

By U.S. Energy Information Administration (EIA) U.S. consumption of petroleum products has fallen to its lowest level in decades because of measures that limit travel and the general economic slowdown induced by mitigation efforts for coronavirus (COVID-19).  The U.S. Energy Information Administration (EIA) estimates the decline in petroleum product demand by examining the changes in total product supplied, EIA’s proxy for consumption.  As outlined in EIA’s Weekly Petroleum Status Report (WPSR), total petroleum demand averaged 14.1 MMbpd in the week ending April 17, up slightly from 13.8 MMbpd in the previous week – the lowest level in EIA’s weekly data series, which dates back to the ear

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