With gasoline prices still below what they were last year, U.S. consumer demand moved higher by about 2 percent, an industry report said. In its monthly market report for May, the American Petroleum Institute said gasoline deliveries reached a record high for the month. At more than 9.4 million barrels per day, API found motor gasoline deliveries, a measure of demand, was up 2.1 percent year-on-year. “Consumers have been enjoying low prices at the pump and are driving more,” Erica Bowman, a chief economist at the API, said in a statement. According to the U.S. Energy Information Administration, the average retail price for a gallon of regular unleaded gasoline for May was 15 percent lower than it was last year. For […]