About 2 quarts (2 liters) of petroleum is consumed per person per day. The cost of oil doesn't seem to affect its consumption. The price quintupled between 1998 and 2008, and worldwide consumption increased 4%. If consumption increases at that same rate, by 2030 the world will need to produce 138 million barrels of oil per day.
More Gross Consumption Facts:
- The total average oil production per day is more than 85 million barrels; the total average demand per day is about 70,000 barrels more than how much is produced per day.
- There are 42 gallons (159 liters) of oil per barrel.
- The U.S. consumes about 19.5 million barrels per day and exports about 1.8 million barrels per day.
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