Energy demand metrics indicate strong U.S. economy

25 Mar 2017   Economy, USA

Metrics measuring consumer demand for fuels and related products in the United States were indicative of an improving economy, a trade group said. The American Petroleum Institute reported total petroleum deliveries, a measure of demand, gained 0.1 percent to 19.7 million barrels per day, its highest level since 2008. Total motor gasoline deliveries, a measure of consumer demand, was up to its second-highest level in nine years to 8.9 million bpd. “Crude oil production broke the 9 million barrels per day threshold for the first time since March 2016,” API Chief Economist Erica Bowman said in a statement . “This increase in production combined with more widespread jobs gains is good news for the economy, which appears to be moving […]

Comments are closed.