In its monthly energy report released Wednesday, the U.S. Energy Information Administration noted that crude oil production in the United States fell from 9.43 million barrels a day in December of 2014 to 9.19 million barrels a day in December of 2015. Over the course of the full year, however, crude production rose from a 2014 daily average of 8.71 million barrels to 9.41 million barrels in 2015.
Gasoline production decreased from a total of 9.90 million barrels a day in December 2014 to 9.61 million barrels in December 2015. Annual average daily gasoline production rose about 2% from 9.57 million barrels a day in 2014 to 9.76 million barrels in 2015. The annual average total for all refined products rose from 19.65 million barrels a day in 2014 to 19.89 million barrels a day in 2015, with most of the gain coming in gasoline production.
Average daily imports (including estimates for November and December of 2015) totaled 9.385 million barrels a day in 2015, up from an average of 9.241 million barrels in 2014. Exports averaged 4.176 million barrels a day in 2014 and rose to an estimated 4.647 million barrels in 2015. Net imports fell from a daily average of 5.065 million barrels in 2014 to an estimated daily average of 4.738 million barrels in 2015.
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