Half of the National Oil Consumption is Gasoline

Accounting for almost half of national oil consumption, gasoline is the largest single volume refined product sold in the United States. The No. 2 fuel oil is heating oil, and accounts for about 25% of the yield of a barrel of crude, the second Accounting for almost half of national oil consumption, gasoline is the largest single volume refined product sold in the United States. The No. 2 fuel oil is heating oil, and accounts for about 25% of the yield of a barrel of crude, the second largest “cut” after gasoline. The New York Mercantile Exchange maintains close contact with federal and state officials and continues to evaluate changes in the regulations to ensure that the terms and conditions of the gasoline futures contract continue to mirror the cash market.

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