News

WASHINGTON, May 13, 2009 - Total U.S. petroleum deliveries (a measure of demand) fell 3.6 percent in April from a year ago, reflecting continuing weakness in the economy, according to API’s Monthly Statistical Report.  While gasoline deliveries increased slightly in April against a year ago, all other product deliveries fell, led by a sharp drop in distillate deliveries. Total product deliveries for the period January-April were the lowest since 1998.

WASHINGTON, April 3, 2009 - In a letter to Congress, API president and CEO Jack Gerard stresses that, if we are to get America back on the road to economic recovery, it is vital that we meet the energy needs of U.S. consumers today and in the future.

WASHINGTON, February 18, 2009 – Total U.S. refined oil product demand continued to fall in January though the month’s 3.1 percent year-on-year decline was more moderate than 2008’s six-percent annual fall, according to API’s Monthly Statistical Report.

WASHINGTON, February 3, 2009 – The imposition of new taxes on the oil and natural gas industry likely could kill hundreds of thousands of jobs, slow economic growth and make Americans more dependent on foreign sources of energy, according to a study released today.