United States Energy Information Administration said that as the economy is soft as well as price reasons, the 08 day summer gasoline demand would decline.
Comprehensive foreign April 8, the United States Energy Information Administration (Energy Information Administration) said on the 8th, compared to 07 in summer, 08 in the summer of the United States, demand for gasoline will fall, is expected to drop to 35,000 barrels between 38,000 barrels .
Gasoline demand and the decline in oil prices remain high and the lingering economic weakness associated with the United States.
June is expected to average gasoline prices nationwide will reach 3.624 US dollars / gallon peak, and throughout the summer, the average price will reach 3.54 US dollars / gallon record levels.
On the 7th, the United States Energy Information Administration has released information after the recent petrol price for the 3.332 US dollars / gallon, compared to the prior week rose 4.2 cents.
United States Energy Information Administration said that the April to September the United States daily gasoline demand is expected to decline 0.4 percent to 9.4 million barrels / day.
United States Energy Information Administration data show that since 1992, the United States has the daily average summer gasoline demand rose by 129,000 barrels.
Energy Intelligence Director Guy Caruso said in July, compared to 07 in summer, 08 day summer gasoline demand will drop 85,000 barrels.
In the 8th issued by the United States Department of Energy short-term energy outlook, the agency said that 08 of the data so far show that since the beginning of the second half of the 07 gasoline demand downward trend is being accelerated.
Energy Department said that the United States, 08 in the first quarter, gasoline consumption in the 07 earlier than expected 0.6% decline.
Over the same period of personal disposable income expected to rise by 0.3%, while gasoline prices are up, or over 31.8% to 3.11 US dollars / gallon. United States Energy Department expects that 08 vehicles nationwide summer average daily consumption of gasoline will drop to 9.4 million barrels / day, than the decline of 0.4%.
And if taking into account the content of ethanol in gasoline increases, the drop will be expanded to 0.9%.
U.S. Energy Department, ethanol production will be up 33 percent to 550,000 barrels / day, which helped the United States to reduce reliance on the original.
United States 07 energy independence and security bill requires 08 of the use of renewable fuels to 9 billion gallons, and requires 09 to 11.1 billion gallons, which should be at least 600 million gallons of advanced biofuels. To 2022, the use of renewable fuels to reach 36 billion gallons, which includes the 21 billion gallons of advanced biofuels. |
