John Felmy News
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The U.S. oil boom is moving Congress closer than it has been in more than three decades to easing the ban on exporting crude imposed after the Arab embargo.
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U.S. gasoline consumption in April dropped to the lowest level for the month in 13 years, the American Petroleum Institute said.
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U.S. fuel consumption edged higher in January from a year earlier, as winter storms curbed demand growth, according to the American Petroleum Institute.
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U.S. oil demand fell to the lowest level in 16 years in 2012 as economic growth weakened while domestic output surged the most in more than 150 years, the American Petroleum Institute said.
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U.S. gasoline use fell in March to the lowest level for the month in 13 years as weaker economic growth reduced demand, the American Petroleum Institute said.
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U.S. consumers will spend about 4.8 percent of their 2010 household budgets for gasoline, up from 4 percent in 2009, the American Petroleum Institute estimated.
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U.S. fuel consumption increased at the fastest pace in six years in 2010, a sign that the economy is rebounding, according to the American Petroleum Institute.
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U.S. households that use heating oil will face record prices this winter as weather forecasters predict colder temperatures in the Northeast that will drive up demand, according to a government report.
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U.S. oil demand in February fell to the lowest level for the month in 20 years as gasoline rose to the highest price for the time of year, the American Petroleum Institute reported.
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U.S. fuel demand rose in April as economic growth bolstered consumption of diesel by truckers, according to the American Petroleum Institute.
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