API: Higher prices in US reduced oil demand in 2005

A climb in crude oil prices that was already significant when Hurricanes Katrina and Rita hit the Gulf Coast reduced US oil product demand in 2005, the American Petroleum Institute reported on Jan 19.Demand, as measured by total product deliveries, fell 0.6% last year to an average 20.61 million b/d, API said in its yearend statistical briefing at its Washington, DC, headquarters.Gasoline delivery growth was limited to 0.4% as deliveries averaged 9.15 million b/d in 2005, down from increases averaging about 1.9%/year in the previous 3 years.“The strong economy would normally have contributed to stronger growth in demand for goods and services such as gasoline, but higher retail pric...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected