• Israel’s consumption of transport fuels is rising while demand for other products is holding steady or falling, with natural gas being substituted for fuel oil and diesel in power plants.
• Demand for gasoline has risen at an average 3.3% a year over the past five years hitting 73,600 b/d in 2016. Taken together with naphtha, which is amalgamated with gasoline in some of the statistics, Israel had a 2016 gasoline deficit of 17,100 b/d, the highest level since 2012 when oil demand spiked after Egypt cut off gas supplies (see table). (CONTINUED - 328 WORDS)
