While almost 40% of a barrel of oil is used to produce gasoline, the rest is used to produce a host of products including jet fuel and plastics and many industrial chemicals.
What percentage of petroleum is used as fuel?
About 45 percent of a typical barrel of crude oil is refined into gasoline. An additional 29 percent is refined to diesel fuel. The remaining oil is used to make plastics and other products (see image Products made from a barrel of crude oil, 2016).
What is oil used for by percentage?
How the United States Uses Oil
|Product||Million Gallons of Oil Used Per Day||Percent of Total US Oil Consumption|
|Residual fuel oil||0.273||1.33%|
|Miscellaneous products and other liquids||0.135||0.66%|
What percentage of oil is used for transportation?
U.S. Transportation fuel consumption accounts for over 70 percent of total U.S. oil consumption, and more than 65 percent of that amount is for personal vehicles.
How much of the world’s oil is used by cars?
Besides, passenger vehicles consume only about 26 percent of the oil used worldwide.
What is oil most used for?
Heating oil, also called fuel oil, is used in boilers and furnaces for heating homes and buildings, for industrial heating, and for producing electricity in power plants.
What are the petroleum products people consume most?
|Product||Annual consumption (million barrels per day)|
|Finished motor gasoline1||8.034|
How much oil is left in the world?
The Organization for Petroleum Exporting Countries reports that there are 1.5 trillion barrels of crude oil reserves left in the world. These are proven reserves that are still capable of being extracted by commercial drilling.
What is the biggest consumption of oil?
Oil Consumption by Country
|1||United States||20.3 %|
Where is all oil used?
Petroleum products include transportation fuels, fuel oils for heating and electricity generation, asphalt and road oil, and feedstocks for making the chemicals, plastics, and synthetic materials that are in nearly everything we use.
How much oil is used per day?
World Oil Consumption
The world consumes 35,442,913,090 barrels of oil as of the year 2016, equivalent to 97,103,871 barrels per day. Global oil consumption per capita is 5 barrels of oil (199 gallons) per person yearly (based on the 2016 world population of 7,464,022,049 people) or 0.5 gallons per capita per day.