Data published by the American Petroleum Institute show the U.S. energy sector is thriving, with consumption and production on the rise. API reported gasoline demand in particular was on the rise, with deliveries from refineries increasing 2.6 percent during the second quarter compared to last year for the highest level for any month since August 2007. “Demand for and production of oil and refined products grew almost across the board over the last year,” API Chief Economist John Felmy said in a statement. “Notably, gasoline demand last month reached the highest level since the summer of 2007.” Motor club AAA said U.S. consumers are reaping the economic impacts of lower gasoline prices during an era when crude oil markets […]