EIA Revises Nov US Gasoline Demand; Total Demand -7.5% On Year

NEW YORK -(Dow Jones)- The Energy Information Administration said Tuesday that November U.S. gasoline demand was slightly higher than it reported on Jan. 27 in revised data for the month.

EIA said it discovered an error in calculating changes in supplies of gasoline additives, such as ethanol, and issued an upward revision for the month. The corrected data show the volume of gasoline supplied to the market in the month – a proxy for demand – was 44,000 barrels a day, or 0.5%, higher than earlier reported, at 8.889 million barrels a day.


The correction, while increasing total oil demand in the month by the volume of the increase in gasoline use, doesn’t change the historical milestones in the what was the 16th consecutive month of year-on-year monthly declines in total U.S. oil demand.

With the correction, November gasoline demand was down 340,000 barrels a day, or 3.7%, compared with a year earlier, and was still the lowest for the month since 2002.

Total U.S. oil demand was corrected for November to 19.001 million barrels a day, down 7.5%, or 1.534 million barrels a day below a year earlier and the weakest level for the month since 1998.

Dow Jones Newswires