News

WASHINGTON, February 13, 2008 – Deliveries of all petroleum products in January – a measure of demand – were flat compared with deliveries for the same month one year ago.  While both gasoline and distillate deliveries rose, the increases were offset by declines in both jet fuel and residual fuel oil deliveries.  The year-to-year demand increase for gasoline of 1.6 percent came despite gasoline selling at the highest nominal January prices ever at over $3 per gallon, according to API’s Monthly Statistical Report

WASHINGTON, January 17, 2008 – U.S. fuel production reached a record high in 2007 as refinery capacity expanded for the 11th straight year, API data show. U.S. crude oil production also rose in 2007, the first annual increase since 1991, according to API’s year-end Monthly Statistical Report