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API: US gasoline production, demand break records

08/13/2007
US gasoline production and demand broke records during this year’s first half despite higher prices and several unplanned refinery breakdowns, the American Petroleum Institute reported on July 18.Gasoline production rose 3.4% year-to-year to an average 8.9 million b/d during the period, API said in its latest monthly statistical review. Gasoline imports, which had lagged during this year’s first 3 months, rebounded to a record average of 1.3 million b/d during the second quarter, it indicated.Higher imports aided total gasoline deliveries-which API uses to measure demand-to climb 1.5% to an average of 9.2 million b/d from 9.1 million b/d during the first half of 2006, API said...
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