US petroleum demand slips 0.2% to average 19.3 million b/d in
October: API
New York (Platts)--20Nov2014/338 pm EST/2038 GMT
Total US petroleum deliveries, a measure of demand, fell 0.2% in
October year on year to average 19.3 million b/d, the American Petroleum
Institute said Thursday.
"While total demand saw a small drop-off from last year, transportation
fuels like gasoline and jet fuel hit recent highs for the month," API
Chief Economist John Felmy said in a statement.
Gasoline demand in October rose 0.3% year on year to average just below
9 million b/d, the highest level for the month since 2010, the API said
in its monthly statistical report. Jet fuel demand rose 1.5% to almost
1.5 million b/d, the highest October level in seven years.
However, overall distillate demand in October was 3.8 million b/d, below
the 4 million b/d mark for the seventh consecutive month and 6.2% below
October 2013.
--Janet McGurty,
janet.mcgurty@platts.com
--Edited by Richard Rubin,
richard.rubin@platts.com
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