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Page added on July 19, 2007

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Gasoline demand stays hot

Record fuel use causes concerns to reverberate


WASHINGTON


That was up 1.5 percent from the same period a year ago, the previous record for the first half of a year.


In June, gasoline deliveries topped 9.79 million barrels a day, the strongest demand ever for a single month.


“The industry pulled out the stops to meet unprecedented consumer demand,” said John Felmy, the American Petroleum Institute’s chief economist.


Energy demand is burgeoning, not just here but around the globe. And a government advisory panel is warning that policymakers must take decisive action to ensure energy supplies keep up with demand.


Houston Chronicle



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