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- 02 Dec
Fuel demand down again in October
Fuels demand was lower again in October year over year. According to the American Petroleum Institute, and reported by NPNweb.com, motor fuels demand was down 0.3 percent in 2011 compared to 2010. API chief economist John Felmy blames the “disappointing consumer confidence”.
This is another data point indicator showing the competitive nature of the fuels pricing industry, where c-stores are chasing an ever diminishing fuel volume market, albeit slight this month.
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