Washington (Platts)--11Dec2012/109 pm EST/1809 GMT
US demand for liquid fuels in 2012 and 2013 was revised downward in the December Short-Term Energy Report from the Energy Information Administration, released Tuesday. EIA said consumption of liquid fuels would average 18.64 million b/d in 2012, down from an estimated 18.67 million b/d in the November STEO. While demand is expected to rise by 90,000 b/d in 2013, total consumption in the US is expected to average 18.73 million b/d, down from the 18.75 million b/d forecast in November. Article continues below... Request a free trial of: Oilgram News Oilgram News brings fast-breaking global petroleum and gas news to your desktop every day. Our extensive global network of correspondents report on supply and demand trends, corporate news, government actions, exploration, technology, and much more.
US demand for liquid fuels in 2012 and 2013 was revised downward in the December Short-Term Energy Report from the Energy Information Administration, released Tuesday. EIA said consumption of liquid fuels would average 18.64 million b/d in 2012, down from an estimated 18.67 million b/d in the November STEO. While demand is expected to rise by 90,000 b/d in 2013, total consumption in the US is expected to average 18.73 million b/d, down from the 18.75 million b/d forecast in November.
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"Motor gasoline consumption declines 30,000 b/d (0.3%) in 2012, with a 0.2% projected growth in highway travel more than offset by a 0.5% increase in fleetwide fuel efficiency," the report states. In 2013, consumption rises in every category, but is led by a rise in demand for distillate fuel oil and natural gas liquids, EIA said. Growth in freight shipments and industrial use, plus a return to near-normal Winter temperature, accounts for much of the rise in demand. Gasoline demand will continue to fall in 2013, EIA forecasts.--Gary Gentile, gary_gentile@platts.com --Edited by Robert DiNardo, robert_dinardo@platts.com
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