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.
Gasoline is now $1.3/gal more in California than the national retail average, up from just a $0.30/gal premium in 2005-2014.
The U.S. produced 2.8 mb/d of ethane in 2024, up 1.0 mb/d or 55% since 2019.
China’s EV market has grown rapidly. Five years ago, EV’s accounted for ~5% of China’s vehicle sales and now they account for >50%.
At the end of 2024, there were 742 active LNG tankers according to the IGU 2025 LNG report, with 75% built in South Korea, 15% in Japan, and 7% in China.
New Mexico’s crude oil production rose to a record high for a second consecutive month in March 2025, growing by 100 kb/d from February to 2.26 mb/d.
U.S. crude oil and NGL production rose by a combined 632 kb/d from February levels and were up 811 kb/d from a year ago. Meanwhile, dry natural gas production rose by 2.3 bcf/d to 107.3 bcf/d.
U.S. crude oil production grew by 1.29 million barrels per day (mb/d) between January 2019 and February 2025.
The number of refineries operating in California has fallen from 23 in 2000 to 14 at the beginning of 2024, according to the latest data from U.S. EIA.
Mexico’s oil production has declined by 160 kb/d (8%) between October 2024 and April 2025, as the number of oil drilling rigs has tumbled by 60%.
In the first two months of the year, 65% of all U.S. LNG shipments went to the EU or UK, up from an average of 48% in 2024.
