At 18.9 million bpd in 2011, total petroleum deliveries, a measure of demand, fell 1.2% from 2010—marking the second largest drop in annual domestic deliveries in the last decade, the American Petroleum Institute reported Friday (1/20) in its latest Monthly Statistical Report, with the greatest annual decline occurring in 2008.
The data showed December 2011 petroleum deliveries dropped 5.9% from the year prior, falling to the lowest level in 15 years at an average 18.6 million bpd.