CLEVELAND, June 22, 2017 /PRNewswire/ — US demand for refined petroleum products is forecast to total 6.2 billion barrels in 2021, according to Refined Petroleum Products: United States, a report recently released by Freedonia Focus Reports. Demand for gasoline, the largest segment, is expected to continue a structural decline as motor vehicles in use become more fuel efficient. Additionally, the costs associated with vehicle ownership represent a major constraint for millennials and others considering a first-time purchase, limiting demand.
These and other key insights are featured in Refined Petroleum Products: United States. This report forecasts US refined petroleum product demand and production in barrels to 2021. Total demand and total production are segmented by type in terms of:
- distillate fuel
- jet fuel
- residual fuel
- other products such as asphalt, petroleum coke, and still gas
To illustrate historical trends, total demand, total production, the various segments, and trade are provided in annual series from 2006 to 2016.
More information about the report is available at
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Energy & Resources reports can be purchased at www.freedoniafocusreports.com or marketresearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size and industry output
- segmentation by products and markets
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-demand-for-refined-petroleum-products-to-total-62-billion-barrels-in-2021-300478348.html
SOURCE The Freedonia Group