US oil consumption hit 25-year low in 2020: EIA

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The US petroleum consumption declined to 18.1 million barrels per day (bpd) last year, the lowest level in 25 years, the Energy Information Administration (EIA) has said.

Petroleum consumption in the transportation sector plunged by a record-breaking 15% in 2020 compared to a year earlier.

Oil consumption declined in every single energy-consuming sector, the EIA said in new estimates of US petroleum products consumption by source and sector for last year.

Lockdowns and other measures to contain Covid across the United States in 2020 were the key reason for lower petroleum consumption, especially in the transportation sector where consumption of gasoline, diesel.— TLTP

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