The Car and Truck Fleet and Leasing Management Magazine

Low Sulfur Diesel Hits Record Output

August 16, 2005

WASHINGTON, D.C. — The American Petroleum Institute (API) reported that U.S. refineries set several production records in the first half of 2005, including a record 2.99 million bpd of low-sulfur diesel, the type required for highway use. API reported in its most recent Monthly Statistical Report that jet fuel production rose nearly 6 percent to a first-half record of 1.59 million bpd, and gasoline production came within .3 percent of matching 2004’s all-time first-half high. Higher prices in the first half of the year was a factor that appeared to slow demand growth across all major products, reported Oil Spot. Highway diesel had the strongest growth of any major refined petroleum product, a continuing trend. Overall, petroleum demand softened considerably in the first half of 2005 after strong growth in 2004. Total domestic deliveries, a key measure of demand, rose just 0.3 percent over the level for January through June of the year before compared with an annual 3.5 percent increase in 2004. As a result of slower growth across all major refined petroleum products, this year’s first half showed the weakest results for a six-month period since the first half of 2002. On the supply side, crude oil inventories increased by more than 37 million bbl during the first half to 323.0 million bbl. The increase was more than double the five-year average rate for January-June, and June’s ending level was the highest for that month since 1999. The first half’s domestic crude oil production rebounded from the previous six month’s level; in the latter half of 2004, crude production had suffered from precautionary, tropical-storm-related shut-ins and damage from Hurricane Ivan. When compared with the same period a year ago, domestic crude oil production so far in 2005 showed a decline of 1.6 percent to 5.45 million bpd, continuing the long-term decline trend in U.S. crude oil output.
Twitter Facebook Google+


Please note that comments may be moderated. 
Leave this field empty:

Fleet Incentives

Determine the actual cost of owning and running a vehicle in your fleet. Compare vehicles by class and model.


Fleet Tracking And Telematics

Todd Ewing from Verizon Connect will answer your questions and challenges

View All


Fleet Management And Leasing

Jack Firriolo from Merchants will answer your questions and challenges

View All


Fuel Management

Bernie Kanavagh from WEX will answer your questions and challenges

View All


Sponsored by

In electronics, firmware refers to the software that controls a device’s functions.

Read more

Fuel Saving Strategies Survey

View our 2008 survey to benchmark your fleet's fuel and green strategies with other fleets.

Fuel Calculator

A managed fuel program can help you save time and money and gain control over the way you fuel your vehicles. Determine your potential savings by using our fuel calculator.
Launch Fuel Calculator 

Fuel Prices

U.S. Gasoline and Diesel Fuel Prices.

Launch Fuel Prices 

Up Next

More From The World's Largest Fleet Publisher