Filed under: Etc.
The American Petroleum Institute reports that U.S. petroleum deliveries (a measure of overall demand) rose by 1.2 percent in December 2010, compared to the same month last year. Additionally, deliveries shot up by 2.3 percent for all of 2010, compared to 2009. Likewise, gasoline and diesel demand continue to rise, with gas deliveries up by 0.6 percent for the year and diesel climbing by 4.8 percent.
API chief economist John Felmy said in a statement that the culprit here is, well, Amazon.com (sort of). Felmy said:
Here's one last bit of info that hints that our demand for gas has yet to hit its peak: in 2010, U.S. refineries set a record for annual gasoline production.The robust distillate numbers suggest the nation's industrial sector continues to rebound. They were up both month over month and year over year. While consumer demand for gasoline was weak during this winter holiday season, higher prices and bad weather might have kept people off the roads. The other side of that is overall retail sales were up, led by a big 12-percent increase in e-commerce sales. People were doing more shopping online, and that, in turn, spurred more truck shipping and an increase in deliveries of ultra low sulfur diesel-a subset of total distillates and the kind of fuel the on-road trucks use-by more than 16 percent this December over last.
[Source: American Petroleum Institute | Image: Nevada Tumbleweed - C.C. License 2.0]
Continue reading API: U.S. petroleum deliveries rises 2.3% in 2010
API: U.S. petroleum deliveries rises 2.3% in 2010 originally appeared on Autoblog Green on Tue, 25 Jan 2011 14:55:00 EST. Please see our terms for use of feeds.
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