1.0Sightline Institutehttps://www.sightline.orgClark Williams-Derryhttps://www.sightline.org/profile/clark-williams-derry/2011: A New Record for Northwest Oil Spending - Sightline Instituterich600338<blockquote class="wp-embedded-content" data-secret="kadp8KgPbf"><a href="https://www.sightline.org/2012/05/03/2011-a-new-record-for-northwest-oil-spending/">2011: A New Record for Northwest Oil Spending</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.sightline.org/2012/05/03/2011-a-new-record-for-northwest-oil-spending/embed/#?secret=kadp8KgPbf" width="600" height="338" title="“2011: A New Record for Northwest Oil Spending” — Sightline Institute" data-secret="kadp8KgPbf" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript">
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https://www.sightline.org/wp-content/uploads/2012/05/oil-spending.png458550The average price that Northwesterners paid for a barrel of crude oil topped $104 last year---even higher than 2008, when global oil price spikes regularly made front page news. Yet at the same time, residents of Oregon, Idaho, and Washington have trimmed back on their oil consumption over the last few years---not only by easing back at the gas pump, but by using petroleum products more sparingly throughout the economy. The best numbers that I could find suggest that as of 2011, total consumption of oil products in the Northwest states had fallen back to about where it was in 2004, give or take. So which trend had the bigger impact on overall spending: the rise in the price of crude, or the fall in oil consumption? Well, if you read the headline, you can probably guess: total spending on oil in the Northwest states hit an all-time, inflation-adjusted high in 2011.