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How much oil is produced in the US?

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What happens to oil produced in the US?

In the US, the majority of domestically produced or imported crude oil undergoes refining processes to become various petroleum products, including gasoline, diesel fuel, heating oil, and jet fuel, which are subsequently consumed.

During 2022, the US had an average daily petroleum consumption of approximately 20.3 million barrels, totaling about 7.4 billion barrels of petroleum for the year.

Where did this data come from?

All data provided in this article comes from the US Energy Information Administration, a subsidiary of the Department of Energy. The EIA collects, analyzes, and disseminates independent and impartial energy information for the purpose of informed policymaking and public understanding of energy and its impact on the economy and environment.

There are several other government resources that report oil production data at the national, state, and local levels, such as the Department of the Interior and the Bureau of Economic Analysis. However, not all data between these sources matches up, meaning there are several potential discrepancies depending on where sources come from.

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This article was originally published by a usafacts.org . Read the Original article here. .