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U.S. crude oil production fell by 8% in 2020, the largest annual decrease on record
U.S. crude oil production averaged 11.3 million barrels per day (b/d) in 2020, down 935,000 b/d (8%) from the record annual average high of 12.2 million b/d in 2019. The 2020 decrease in production was the largest annual decline in the U.S. Energy Information Administration’s records. The production decline resulted from reduced drilling activity related to low oil prices in 2020.
In January 2020, U.S. crude oil production reached a peak of 12.8 million b/d. In March 2020, crude oil prices decreased because of the sudden drop in petroleum demand that resulted from the global response to the coronavirus (COVID-19) pandemic. The declining prices led crude oil operators to shut in wells and limit the number of wells brought online, lowering the output for the major oil-producing regions. In May, U.S. crude oil production reached its lowest average monthly volume for the year at 10.0 million b/d.
Six states accounted for more than half of U.S. jet fuel consumption in 2019
In 2019, more than half of the jet fuel consumed in the United States was consumed in California, Texas, Florida, New York, Illinois, and Georgia, according to the U.S. Energy Information Administration’s (EIA) State Energy Data System. These states are home to many of the nation’s busiest airports and headquarters for many of the largest U.S. airlines. The six states are also among the most populous, accounting for about 40% of the U.S. population in 2019.
Between 2010 and 2019, consumption of jet fuel increased by 22% in the United States. Combined jet fuel consumption in the six states with the highest consumption grew faster than the national average, increasing by 25%; the rest of the United States, as a whole, increased by 18%. Hawaii and most states along the Pacific Coast have seen larger percentage increases in jet fuel consumption than the national average.