US Nov gasoline demand up 1.5% year over year - API

16 December 2009 15:00  [Source: ICIS news]

HOUSTON (ICIS news)--US gasoline demand increased 1.5% in November from the same month a year ago, continuing a nearly uninterrupted string of rising fuel usage since June, an industry group said on Wednesday.

According to the American Petroleum Institute’s (API) monthly statistical report, US deliveries of motor gasoline during November averaged 9.035m bbl/day, up from 8.904m bbl/day in November 2008.

However, total domestic petroleum fuel demand still remained at year-over-year lows, the API said.

“Distillate and jet fuel delivery declines were much more moderate than previous months, which could be an indication of continued economic recovery,” said API’s statistics manager John Felmy.

Jet fuel and distillates, which includes diesel fuels, are among the petroleum products for which demand is most closely tied to economic activity.

Distillate demand was down 4.6% from a year ago, averaging 3.693m bbl/day during November, the lowest for that month in ten years.

Total petroleum product demand in November averaged 18.857m bbl/day, down from 19.052m bbl/day during the same month a year ago.

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By: Steven McGinn
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