Gasoline demand rises slower in June

NEW YORK (Reuters) – U.S. gasoline demand in June grew by just over 0.6 percent year-on-year, less than half the rate previously implied by weekly data, the U.S. government’s monthly oil data showed on Monday.

U.S. gasoline demand rose by 60,000 barrels per day to 9.44 million bpd in June, or up 0.64 percent from June 2005, the Energy Information Administration’s monthly petroleum supply report said.

This compared with the EIA’s weekly data that had showed demand increasing by more than 120,000 bpd.

But the EIA noted this summer that its more detailed monthly data often show a smaller increase in oil consumption than the weekly figures imply.

Reuters