U.S. gasoline consumption was significantly lower in April than reported at the time, new data published by the Energy Information Administration on Thursday show. Gasoline supplied to the domestic market averaged 9.213 million barrels per day (bpd) during April according to an estimate included in “Petroleum Supply Monthly” published on June 30 ( tmsnrt.rs/297g3p8 ). Gasoline supplied was significantly lower than the four-week average of 9.474 million bpd contained in the final “Weekly Petroleum Status Report” for April published on May 4 ( tmsnrt.rs/297q5L8 ). The downward revision in estimated consumption has encouraged analysts to reassess the strength of gasoline demand in the world’s largest driving market. Strong demand for gasoline in the United States, as well as emerging markets including India and China, has been cited as the main reason for strong growth in […]