EIA revises product demand estimates based on corrected data

In its most recent Petroleum Supply Monthly (PSM), the US Energy Information Administration increased its estimate of gasoline consumption in the East Coast (PADD 1), but lowered the consumption estimate in the Gulf Coast (PADD 3), according to corrected survey data from October 2012 to March 2013.

In its most recent Petroleum Supply Monthly (PSM), the US Energy Information Administration increased its estimate of gasoline consumption in the East Coast (PADD 1), but lowered the consumption estimate in the Gulf Coast (PADD 3), according to corrected survey data from October 2012 to March 2013.

“A decline in motor gasoline movements from PADD 3 to PADD 1 reported in the PSM began with data from October 2012. This coincided with Hurricane Sandy affecting the East Coast, which initially masked the misreported data,” EIA said.

As the decline continued well after the storm’s disruptions had ended, it was discovered that the data had been misreported by one or more survey respondents, and the data have been corrected.

The largest change in product movements was to gasoline, but other products were also affected, particularly distillate fuel oil.

Corrected data for October-December 2012 will be reflected in the 2012 Petroleum Supply Annual to be released this summer. The 2013 Petroleum Supply Annual will reflect corrected data for January-March.

Contact Conglin Xu at conglinx@ogjonline.com.

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