There is an imbalance between supply and demand in North American refined products and renewable fuels markets. Oftentimes it is difficult to move product from where it is made to markets where it is needed. Traders at U.S. Oil utilize their assets, expertise, and multi-modal logistics capabilities to help meet market demands with sufficient supply. This is accomplished through the use of pipeline, rail car, light oil barge and truck assets. In aggregate, U.S. Oil transports nearly 100 million barrels (4.2 billion gallons) of refined products and renewable fuel each year.
Products traded include:
U.S. Oilís Wholesale, Retail Branded, Terminal and Trading teams help to provide reliable fuel supply and competitive pricing from both owned, operated and third-party terminals across the United States.
Nearly 40 million Americans fill up their gas tanks on a daily basis and, over the course of one year, the average American uses 22.27 barrels of oil. Although demand for gasoline is expected to fall at a rate of 2% each year, the fall in oil prices has caused an increase in gasoline demand, and more consumers are taking advantage of these savings by purchasing larger vehicles and driving more miles.
Gasoline is made up of a mixture of volatile, flammable liquid hydrocarbons derived from petroleum. On average, a 42-gallon barrel of crude oil yields about 19 gallons of gasoline when processed in an oil refinery. In the refinery, gasoline components are blended to create certain octane ratings to improve or modify the performance and use of fuel. Some components U.S. Oil trades include: natural gasoline, butane, isooctane, reformate, alkylate and raffinate.
U.S. Oil-owned and operated terminals pride themselves on local sourcing of ethanol, supporting local farmers and local economies. The Ethanol supplied from U.S. Oil-owned and operated terminals is sourced from local farms in the same states as the terminals. When you purchase ethanol products from U.S. Oil-owned terminals, you can be assured that the products used are locally grown, and supporting the local economy.
Ethanol is a renewable, domestically produced alcohol fuel made from plant material, such as corn, sugar cane or grasses.
For much of the last four years, U.S. Ethanol has been the lowest-cost motor fuel and octane source on the planet, and the U.S. leads the world in ethanol production, accounting for 60% of global output. As a result, global demand is booming and American-made ethanol is rapidly finding its way into new international markets. Ethanol exports were approximately 825 million gallons in 2014 and reached 836 million gallons in 2015.
Improved fuel lubricity, economics and sustainability are only a few of the benefits of biodiesel. U.S. Oil offers B100, B99 or bio blends at various terminals.
Biodiesel is a renewable, clean-burning diesel replacement made from a diverse mix of domestic and renewable resources. Although it contains no petroleum, it can be blended at any level with petroleum diesel to create a biodiesel blend.
Biodiesel qualifies as a biomass-based diesel category and advanced biofuel category within the Renewable Fuels Standard (RFS-2) program created under the Energy Independence and Security Act (EISA) of 2007. In 2015 biomass-based diesel volumes reached 1.814 billion gallons, outpacing the 1.73 billion gallons called for in the 2015 RFS mandate. RFS mandates call for an increase of biodiesel to 1.9 billion gallons in 2016 and 2 billion gallons in 2017.
Biodiesel achieves a life cycle Green House Gas emission reduction of at least 50% compared to baseline petroleum1. This renewable fuel, made from different types of oils, fats and waste products, means less pollution of the environment from waste products.
Jet fuel is the fourth most used petroleum product in the United States. Nearly 1.5 million barrels per day of jet fuel were consumed in 20141. There are numerous varieties of jet fuel produced for each type of aircraft. Commercial and military turbo jet and turbo prop aircraft engines use a kerosene-based fuel with a maximum distillation temperature of 400 degrees Fahrenheit.
Naphtha-type jet fuel has an average gravity of 52.8 degrees API and 20% to 90% distillation temperatures of 290 to 470 degrees Fahrenheit. It is used primarily for military turbojet and turboprop aircraft engines because it has a lower freeze point and meets engine requirement at high altitudes and speeds.