CRUDE PI~1PROLEUM AND PETROLEUM PRODUCTS 1023

3,903,000 barrels, and daily runs to stills averaged 3,992,000 barrels. Crude
stocks of domestic origin declined 13.6 million barrels during the quarter,
but stocks of refined oils rose 7.2 million barrels. The return of tankers
loaned to Great Britain combined with restricted gasoline consumption in
the East Coast district resulted in the rise of stocks of all oils in that
district to 76.6 million barrels on Sep.. tember 30, a point still 5 million
barrels below the stocks on the same date in 1940.
 In the fourth quarter of 1941, the demand for all oils was approximately
9 percent above that for the same period in 1940. Exports continued to increase.
Exceptionally mild weather reduced heating~ oil demand below normal expectations,
and stocks of all oils in the East Coast area reached a peak of 81.7 million
barrels on November 30—a point 6.4 million barrels higher than on the
same date in 1940. Crude production averaged 4,106,000 barrels daily for
the quarter and runs to stills were 4,058,000 barrels daily; both figures
represented new quarterly records. Crude stocks, of domestic origin increased
about 0.8 million barrels, and stocks of refined oils rose 8 million barrels.
Stocks of finished and unfinished gasoline showed an abnormal increase of
over 14 million barrels during the quarter and totaled 94.1 million barrels
on December 31—almost 10 million barrels more than on December 31,
1940.

Salient statistics of crude petroleum, refined products, and natural gasoline
in the
United States, 1937—41
,
1937
1938
1939
1940
19411
Crude petroleum:
 Domestic production thousands of barrels'~ World production do~ -
United States proportion of world production
  percent.~ Imports' thousands of barrelsL Exports' ~ Stocks, end of period:
   Refinable crude do.~
 California heavy crude do~..
 Runs to stills - do.~
Total value of domestic production at wells
 thousands of dollars..
Average price per barrel at wells            Total producing oils wells In
the United States, Dec. 31                             
Total oil wells completed in the United States during year              
           
Refined products:
 Imports' thousands of barrels'~
 Exports' do~ - Stocks, end of period do~ Output of motor fuel do.~ - Yield
of gasoline percent~ Completed refineries, end of year           
Daily crude-oil capacity of refineries
thousands of barrels ' .~
Average dealer's net price (excluding tax) of gaso. lineinSO United States
cltie¢s per gallon'~.
Natural gasoline:
 Production. thousands of barrels ' ~ Stocks,endofperiod do~
1,279,160
2,039,231

63
27,484
67,234

305,833
14,505
1,183,440

1,513,340
$1. 18

363,030

22,143

29,673
105,600
239,632
571,727
43.9
551

4,351

10.53

49,177
4,758
1,214,355
1,988,041

61
26,412
77,254

~
16,467
1,165,015

1,373,060
$1.13

369,640

18,433

27,896
116,474
~
569,162
44.3
538

4,509

10.04

51,347
4,830
1,264,962
2,085,444

61
33,095
72,076

239,978
13,330
1,237,840

1,294,470
$1.02

380,390

17,485

25,965
116,883
} 268,109
611,043
45.0
547

4,629

9.58

51,650
4,421
1, 3S3, 214
2,141,946

63
42,662
51,496

264,079
11,906
1,294,162

1,385,440
$1.02

389,010

19,125

41,089
78,970
282,265
616,695
43.1
556

4,719

9.08

55,700
5,704
1,404,182
2,226,836

63
36,334
~25,619

246,884

10,179
1,409,192

p1,570, 000
$1.12

(8)


19,195

~30, 697
' 49,618

290,375

690,958
44.2
522

4,957

9.49

64,204
4,275
' Subject to revision.
' 42 gallons.
' As reported to the Bureau of Mines.
' Figures for imports and exports for 1941 cover January to September, inclusIve.
' Department of Commerce; exports Include shipments to noncontiguous Territories.
' For comparison with succeeding year. 7Estlmated.
*Figures not available.
* American Petroleum Institute.