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API: June demand for gasoline at lowest level in six years

Autoblog -- According to the American Petroleum Institute's (API) Monthly Statistical Report, U.S. gasoline deliveries for the first half of 2010 averaged 8.88 million barrels per day, 0.6 percent lower than the corresponding period a year ago. Though the drop in demand is minuscule, it does provide us with an indication that despite low gas prices and a rebounding economy, U.S. demand for gas continues to wane.

The numbers for the month of June paint a more vivid picture of our declining need for gas. June gasoline deliveries of 9.18 million barrel per day were the lowest level for any June on record since 2004 and were 0.5 percent lower than June 2009 deliveries. To gain a better understanding of the numbers, gasoline prices in 2004 barely cracked $2, whereas prices now sit at a nationwide averag

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Submitted Jul 29, 2010 By: Turk182

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SteveSeattle Veteran Author Seattle Posts:291 Points:98,740 Joined:Apr 2007	Message Posted: Aug 2, 2010 2:20:38 AM Ignore SteveSeattle Report Abuse Stop/reduce driving is the solution.
OHMS Champion Author Orange County Posts:10,797 Points:1,250,520 Joined:May 2005	Message Posted: Jul 30, 2010 3:20:03 PM Ignore OHMS Report Abuse just keep reducing demand by economizing on gasoline consumption and use.
remay Champion Author Houston Posts:4,701 Points:1,655,795 Joined:May 2006	Message Posted: Jul 30, 2010 3:18:41 PM Ignore remay Report Abuse Hmmm, June, and summer, and vacations... doesn't seem like there is a "recovery"...
torn8owx Champion Author Philadelphia Posts:2,313 Points:577,515 Joined:Feb 2010	Message Posted: Jul 30, 2010 7:52:20 AM Ignore torn8owx Report Abuse Gasoline demand down. Question, how about the volume of ethanol throughout this period? Yes you cut your petroleum intake & substitute a more expensive feedstock for your fuel
mynt Champion Author Ottawa Posts:2,945 Points:607,280 Joined:May 2010	Message Posted: Jul 29, 2010 2:24:35 PM Ignore mynt Report Abuse reducing demand is a good thing .... hopely it'll moderate price increases.
fullcirclethink Champion Author Washington Posts:1,528 Points:118,815 Joined:Jun 2009	Message Posted: Jul 29, 2010 12:05:28 PM Ignore fullcirclethink Report Abuse Supply and demand economics turned on its head!
Heelfire Veteran Author Raleigh Posts:282 Points:236,595 Joined:Mar 2006	Message Posted: Jul 29, 2010 11:50:35 AM Ignore Heelfire Report Abuse Yet more proof that supply and demand are out of whack with prices.
peakkeller All-Star Author Colorado Springs Posts:676 Points:448,135 Joined:Dec 2009	Message Posted: Jul 29, 2010 10:41:24 AM Ignore peakkeller Report Abuse Gas prices are not simply a reflection of supply and demand - they're impacted by the speculators buying futures.
car253 Champion Author Ohio Posts:4,195 Points:1,031,620 Joined:Oct 2008	Message Posted: Jul 29, 2010 10:28:35 AM Ignore car253 Report Abuse We are making headway on the demand side, now need a break on the price.
Night Owl Champion Author Toronto Posts:5,265 Points:1,333,725 Joined:Jul 2004	Message Posted: Jul 29, 2010 10:18:58 AM Ignore Night Owl Report Abuse Gas and oil prices are still far too high.
cobey24 Sophomore Author New York Posts:236 Points:34,990 Joined:Apr 2008	Message Posted: Jul 29, 2010 10:10:50 AM Ignore cobey24 Report Abuse To all those who continue to preach conservation..... it time to wake up that you are being pick pocketed by Wall Street. Speculative investors are running rampid with paper trades, paid for by money coming out of YOUR pocket,,,for their profit! It economic domestic terrorism.... Prove me wrong.
ron14619 Sophomore Author Rochester Posts:150 Points:564,900 Joined:Sep 2006	Message Posted: Jul 29, 2010 9:53:05 AM Ignore ron14619 Report Abuse Gas consumption is down, therefore, gas prices have to rise so big oil companies can keep getting their same profit margins. It seems like the more we use, the lower the prices.
APlus Champion Author San Antonio Posts:2,222 Points:610,220 Joined:Apr 2007	Message Posted: Jul 29, 2010 9:44:14 AM Ignore APlus Report Abuse Few folks have the money to pay for gas. Many are choosing to remain home and unless essential not buying gasoline.
Dennis783 Champion Author Wisconsin Posts:11,274 Points:2,248,060 Joined:Sep 2005	Message Posted: Jul 29, 2010 9:44:13 AM Ignore Dennis783 Report Abuse Gas prices are still too high
Wesk8 Champion Author Michigan Posts:1,968 Points:1,005,420 Joined:Aug 2005	Message Posted: Jul 29, 2010 9:12:10 AM Ignore Wesk8 Report Abuse Keep up the good work folks!!