Regularly updated with new charts and explanations that help make sense of a complex and ever-changing industry. Brought to you by the experts at API. Come back regularly for new content. For questions please contact: press@api.org.
Many U.S. refiners on the U.S. Gulf Coast (PADD 3) were designed to process medium and heavy grades of crude oil, such as those produced in Canada, Mexico, and Venezuela. Years of changes in both Venezuela and North America have led to a significant decline in the amount of Venezuelan crude oil that U.S. refiners process.
BEV sales surged in September, ahead of the expiration of the $7,500 federal tax credit, but then plummeted through the end of the year.
Total demand for U.S. natural gas, including domestic consumption and exports, has grown faster than working storage capacity over the past several years. When indexed to 2012, working storage capacity has increased ~7% through late 2025. Demand for U.S. natural gas fluctuates seasonally, but averages more than 50% higher today than in 2012.
Gasoline imports in the United States are typically highest during the summer driving season. In fall 2025, however, PADD 5 gasoline imports surpassed even the summertime levels of previous years and reached an all-time high.
Passenger-kilometers flown in China, which accounts for both the number of passengers and distance flown, continues to reach new highs after pandemic restrictions were lifted in late-2022.
Refineries on the U.S. West Coast (PADD 5) have increased their imports of crude oil as local production in Alaska and California has declined.
The Rocky Mountain region (PADD 4) is the least populous in the United States, but a combination of growing population and increased crude oil production is contributing to higher consumption of gasoline, jet fuel, and distillate fuel oil.
Nearly 60% of the world's liquid petroleum consumption now occurs in non-OECD countries, up from just 35% in the 1990s.
Petroleum refiners on the U.S. West Coast are shifting production from petroleum-based distillate fuel to jet fuel, as the region requires less petroleum-based distillate to meet end-use consumption.
In the Midland region of the Permian Basin, the average length of laterals, the horizontal portion of a well, has increased by 58% since 2015.
