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The ethanol market share in the U.S. gasoline supply grew by volume from just over 1 percent in 2000 to more than 3 percent in 2006 to 10 percent in 2011. [1] [7] [8] Domestic production capacity increased fifteen times after 1990, from 900 million US gallons to 1.63 billion US gal in 2000, to 13.5 billion US gallons in 2010.
But the situation quickly changed in 2008 as American refineries became much more cost-competitive due to large increases in US production of oil, natural gas, and natural gas liquids. The US became a net exporter of refined petroleum in 2010, and since 2013 has been the world's largest net exporter of refined petroleum.
Crude oil production in barrels of oil a day (average for the month) US oil production, imports, & exports Oil product imports by country US natural gas production, imports, and exports Top 8 oil companies quarterly net income or net loss Oil production by state 2021 US energy consumption, by source, 1776–2024.
Gas prices within the last 10 years highlight how volatile the market can be. When looking at historical data, gas prices were the same in 2011 as they were in 2023 — $3.52 per gallon.
The world's top ethanol fuel producers in 2011 were the United States with 13.9 billion U.S. liquid gallons (bg) (52.6 billion liters) and Brazil with 5.6 bg (21.1 billion liters), accounting together for 87.1% of world production of 22.36 billion US gallons (84.6 billion liters). [1]
A Trump-induced surge in U.S. oil production also would create another problem. Most U.S. refineries - which turn oil into gasoline - are equipped to handle the heavy, cheaper crude the nation ...
US Oil: 1957 Gasoline, diesel oil, jet fuel, marine fuel, gas oils, emulsified & road asphalt 40,700 Cherry Point: BP: ARCO: 1971 Gasoline, diesel oil, jet fuel, calcinated coke 227,000 Total: 637,700: Total operable atmospheric crude oil distillation capacity, barrels per calendar day as of 1 January 2018. Source: [2]
It was founded as Skypower Gasoline by Peter Moller and his sons Poul, Finn and John and changed the name to USA Gasoline in 1968. USA Gasoline operated in 10 states, including Alaska , California , Colorado , Idaho , Nevada , New Mexico , Oregon , Utah , Washington , and Wyoming .