American July gasoline deliveries highest on record – API

At 10.2 million barrels per day, July gasoline production set a new record

WASHINGTON – Total motor gasoline deliveries, a measure of consumer gasoline demand, moved up 2.4 per cent from July 2015, to average nearly 9.7 million b/d, according to the American Petroleum Institute.

Compared with June, total motor gasoline deliveries increased 0.3 per cent.

For year-to-date, total motor gasoline deliveries increased 2.5 per cent compared with year-to-date 2015 to a record level just above 9.3 million barrels per day.

“Gasoline deliveries, a measure of consumer demand, hit their highest level on record in July,” said Erica Bowman, API chief economist.

“With this indication of increased demand, it’s clear that consumers have continued to benefit from lower gasoline prices at the pump.”

Total petroleum deliveries in July moved up by 0.8 per cent from July 2015 to average 20.1 million barrels per day. These were the highest July deliveries in nine years, since 2007.

Compared with June, total domestic petroleum deliveries, a measure of US petroleum demand, increased slightly by less than 0.1 per cent.

For year-to-date, total domestic petroleum deliveries moved up 1.1 per cent compared to the same period last year.

Crude oil production was down from the prior month, the prior year, and the prior year-to-date as production continued to slow down and reached its lowest output level for any month since March 2014.

Crude oil production decreased 1.9 per cent from June, and was down 10.0 per cent from July 2015 to average 8.5 million barrels per day in July.

US total petroleum imports in July averaged just below 10.5 million barrels per day, up 6.8 per cent from the prior month and up 9.9 per cent from the prior year, but was the fourth lowest total petroleum imports for the month of July in 19 years, since 1997.

At 10.2 million barrels per day, gasoline production for the month of July reached its highest level for any month on record.

This was up by 1.9 per cent from the prior year, and up 1.3 per cent from the prior month.

For year-to-date, gasoline production increased by 1.9 per cent compared to the same period last year and was the highest year-to-date on record.

Refinery gross inputs moved down 0.7 per cent from July 2015, but remained the second highest inputs for the month of July, averaging 17.1 million barrels per day. Compared to June 2016, refinery gross inputs were up 1.9 per cent.