API reports continued sluggish gasoline demand in first half

US gasoline demand during this year's first half fell 0.6% year-to-year to an average 8.88 million b/d, reflecting an ongoing sluggish US economic recovery, the American Petroleum Institute said. Deliveries, which API uses to measure demand, of an average 9.18 million b/d during June were the lowest for that month since 2004 and were 0.5% lower than a year earlier, it added."It's clear from the gasoline deliveries data that consumer confidence in the economy remains shaky," API Chief Economist John C. Felmy said. "This certainly supports API's position that increased taxes or other anti-jobs policies by Congress or the administration could increase unemployment and harm our...

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