WARM WEATHER TRIMS U.S. PRODUCT USE

January's unusually warm weather caused a 2.3% decline in deliveries of petroleum products in the U.S.. Nationally, temperatures last month were 13% higher than normal for January and 20% higher than those during the severely cold January 1994. The American Petroleum Institute said this change cut 350,000-400,000 b/d from heating oil demand, compared with January a year ago, and 150,000-200,000 b/d from propane demand. Residual oil use also declined 390,000 b/d, mainly because of reduced

Feb. 27, 1995

January's unusually warm weather caused a 2.3% decline in deliveries of petroleum products in the U.S..

Nationally, temperatures last month were 13% higher than normal for January and 20% higher than those during the severely cold January 1994.

The American Petroleum Institute said this change cut 350,000-400,000 b/d from heating oil demand, compared with January a year ago, and 150,000-200,000 b/d from propane demand.

Residual oil use also declined 390,000 b/d, mainly because of reduced demand for heating and electrical power generation.

At the same time, mild weather and favorable winter driving conditions increased gasoline demand 1-2% in January. Reformulated gasoline went into use last month in nine large urban areas and other regions. API said RFG deliveries averaged 1.86 million b/d, or 26% of all gasoline deliveries for the month.

Imports of petroleum products fell almost 25% in January to 1.473 million b/d, their lowest level for any month in nearly 4 years.