API: US gasoline demand growth slows as prices rise

The growth of US gasoline deliveries fell in the first half to 0.4% from 1.9% a year earlier as prices climbed to their highest point, in real terms, since the early 1980s, the American Petroleum Institute said July 20.US refineries produced an average 9.07 million b/d of gasoline during the first 6 months, compared with 9.03 million b/d in the comparable 2004 period, API’s midyear statistics showed.The slower growth in domestic gasoline refining came as the US imported 1.04 million b/d of gasoline and blending components in the first 6 months.Imports represented more than 11% of total US gasoline consumption in 2005’s first 6 months, noted Ronald J. Planting, information and ...

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