1090 MINERALS YEARBOOK, 1941

 Some light fuel oil (No 1 grade) is sold for range fuel and should be added
to the kerosme to determine the total demand for range fuel Light fuel oil
reported as range oil in 1940 totaled 3,977,000 barrels compared with 3,220,000
in 1939. Total range-oil sales (kerosine plus No. 1 fuel oil) were 44,692,000
barrels in 1940 or 21 percent over 1939 requirements of 37,061,000.

Sales of range oil in the United States, 1938—40, by States I
[Thousands of barrels]



1940

State
1938
1939
Total
 — PerC&It of
Massachusetts                               
New York                                  
Connecticut                                
Newiersey                                 
Rhode Island                               
Illinois                                     
Maine                                     
Pennsylvania                               
New Hampshire                             
Michigan                                   
North Carolina                              
9,959
5,951
3, 191
2,854
2,127
977
1,174
641
701
294
331
10,814
6,255
3,322
3,026
2,172
1,387
1,328
698
781
479
532
13,419
7,613
3,921
3,556
2,619
1,733
1,704
920
898
620
577
30.0
17.0
8.8
8.0
5.9
3.9
3.8
2.1
2.0
1.4
1.3
Vermont                                   
448
468
560
1.3
Minnesota                                  
296
403
555
1.2
Florida                                    
Maryland                                   
Wisconsin                                   
325
437
280
439
492
446
542
531
516
L2
1.2
1.1
Missouri                                    
306
355
485
1.1
Ohio                                      
290
320
398
.9
Iowa                                      
204
291
335
.7
Texas                                     
257
304
325.
.7
Other States                                Total United States         
           
2,684
2,749
2,865
6.4

33,707
37,061
44,692
100.0
1Flgures for 1941 by States not yet avaliable.


 There was an upward trend in kerosine prices in 1941. As an example, quotations
for 41°—43° water-white kerosine at refineries in Oklahoma
averaged 4.41 cents a gallon in 1941 compared with 4.04 cents in 1940. An
average price of 4.12 cents per gallon in January, 1941, rose gradually during
the spring months of the year and reached
4.56 cents in June and then remained at that level until the end of the year.
The generally higher prices for kerosine in 1941 are reflected in the representative
Chicago tank-wagon quotations, which increased from 10 cents a gallon in
April to 10.5 cents in May. This top price did not hold, however, but settled
to 10.3 cents in June, which quotation was in force until the end of 1941.

FUEL OIL

 Increased refinery production, greater use of crude* petroleum as fuel oil
(transfers), a larger volume of imports, and curtailed exports were all factors
that enabled oil companies to supply an increased domestic demand for fuel
oil at fairly stable prices and to add slightly to stocks in 1941 compared
with 1940. In other words, available supplies of fuel oil were ample in 1941
to satisfy an increased domestic demand and to maintain stocks without any
appreciable advance in prices during a period when market quotations for
most commodities were trending sharply upward.