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API: US gasoline demand breaks February records

03/22/2010
By Nick Snow
US gasoline demand and production broke records for a February last month, the American Petroleum Institute said in its latest monthly statistical report. Motor gasoline deliveries, which API uses to measure demand, increased 2.2% year-to-year to an average 9 million b/d, while finished gasoline production rose 0.4% to 8.8 million b/d, it said on Mar. 17."These numbers clearly show that the refining industry is making the gasoline consumers are demanding, and making it at record levels," said API Chief Economist John C. Felmy. "Production is keeping pace with demand, which appears driven in part by some brightness in the economic picture, even as imports fall."The refi...
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