Total US petroleum deliveries, a measure of demand, rose 1.5% in June vs. a year ago to average just above 19 million b/d, according to the American Petroleum Institute’s most recent Monthly Statistics Report . For the second quarter, petroleum demand increased 1.5% compared with the same period last year. “A wide range of measures show continued strength in petroleum demand and domestic supply last month, with imports around 20-year lows,” said API Chief Economist John Felmy. “Increased US production in recent years has provided an almost barrel-for-barrel counterweight to various disruptions in global supply from overseas.” Gasoline demand last month gained 4% from June 2013 to average 9.3 million b/d while distillate deliveries increased by 3% to average 3.8 million b/d. Jet fuel demand also increased by 8.4% over the same period, while demand for “other oils” fell by 5.5%. Residual fuel deliveries fell by 10.9%, marking […]