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Higher Oil Demand Signals Economic Recovery

crude oil  diesel  distribution  domestic energy  fuel  gasoline  oil demand  refineries  ulsd  diesel vehicles  fuel demand  ultra-low sulfer diesel 

Jane Van Ryan

Jane Van Ryan
Posted December 17, 2010

"Stronger fuel demand tells us a recovery is underway." Those are the words of API's Chief Economist John Felmy today, describing the good news in API's Monthly Statistical Report for November. The report shows that U.S. petroleum deliveries (a measure of demand) climbed 6.5 percent last month over November 2009. The increase was the largest year-to-year increase for any month in 2010. 

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