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- 20 May
Gasoline Fuel Demand Drops 2.2% in Q2 2011
The American Petroleum Institute issued a monthly report today. Gasoline deliveries, a measure of gasoline demand, dropped by 2.2 percent compared with last year. Deliveries totaled 8.9 million barrels per day.
Rising retail gasoline prices seem to have crimped consumer demand for motor gasoline in April. Gasoline prices were up by 6.6 percent in April from March, a gain of 24 cents per gallon.
Gasoline production fell for the first time in 2011, down 3.1 percent to 8.8 million barrels per day. This level was still the second highest for gasoline for any April in the past 10 years and the highest on a year-to-date basis.
As Fuel Price Management reviews their fuel volume sales and market share for April 2011, they must keep in mind the potential for an overall decrease in total volume sales for each of their markets.
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