Calculating the Local Demand for Gasoline Relative to Total Gasoline Sales in the State of New York


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    Hi Luke,

    Your current method is appropriate for calculating the portion of Industry production of the retail service that is consumed by local households.

    Two considerations:
    1. If you are really interested in gasoline itself, you should be looking at the Commodity 3154 - 'Refined Petroleum Products'. The Commodity 3408 does not include any of the value of the gasoline sold at gas stations. 

    2. For the total value of gasoline produced in the state, reference Total Commodity Supply to also include institutional sales instead of Industry Commodity Production in Social Accounts > Reports > Commodity Summary. 

    This yields a NY resident demand of 17.37% of the NY refined petroleum products. 

    Thank you,

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