Hydrocarbon Processing Copying and distributing are prohibited without permission of the publisher
Email a friend
  • Please enter a maximum of 5 recipients. Use ; to separate more than one email address.



US monthly fuel demand rises to three-year high

04.17.2014  | 

Total deliveries of petroleum products, a measure of demand, climbed 0.4% from a year earlier to 18.6 million bpd, the API said. It was the highest level for March since 2011.

Keywords:

By MARK SHENK
Bloomberg

US fuel consumption increased in March to the highest level for the month in three years, the American Petroleum Institute (API) said.

Total deliveries of petroleum products, a measure of demand, climbed 0.4% from a year earlier to 18.6 million bpd, the industry-funded group said Thursday. It was the highest level for March since 2011.

Gasoline consumption rose 2.3% to 8.81 million bpd. Demand for distillate fuel, the category that includes diesel and heating oil, increased 2.4% to 3.86 million bbl. Heating oil use surged 26% to 453,000 bpd, while diesel demand slipped 0.1% to 3.41 million.

“March brought strong demand for both gasoline and distillate fuel, but refinery production actually outstripped demand for all four major products,” John Felmy, chief economist at the API in Washington, said in the report. “Fortunately, the rest of the world is also eager to buy the output of US refineries.”

Production of gasoline and distillates reached record highs for the month, the API said, with distillates up 12% to 4.79 million bpd and gasoline gaining 4.7% to 9.32 million. Fuel exports rose 28% to 3.99 million bbl in March compared with a year earlier. This was the first time exports dipped below 4 million in four months.

US crude oil output increased 13% to 8.07 million bpd. Output of natural gas liquids, a byproduct of gas drilling, climbed 7.6% to 2.66 million.

Total oil and fuel imports rose 0.4% in March to 9.49 million bpd, the second-lowest import total in 18 years.

Jet fuel consumption dropped 1.6% to 1.35 million bpd last month. Demand for residual oil, used for commercial and industrial heating, electricity generation and ship propulsion, dropped 29% to 306,000 bpd, a record low for March.



Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Related articles

FEATURED EVENT

GasPro North America

Sign-up for the Free Daily HP Enewsletter!

Boxscore Database

A searchable database of project activity in the global hydrocarbon processing industry

Poll

Should the US allow exports of crude oil? (At present, US companies can export refined products derived from crude but not the raw crude itself.)


66%

34%




View previous results

Popular Searches

Please read our Term and Conditions and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2014 Hydrocarbon Processing. © 2014 Gulf Publishing Company.