Consumption up 2.4% from year earlier at 9.67 million b/d: API Refineries produced a record amount of gasoline last month U.S. gasoline consumption climbed in July to a record as low retail prices encouraged Americans to hit the highways. Demand for gasoline rose 2.4 percent from a year earlier to 9.67 million barrels a day, the American Petroleum Institute said Thursday in a monthly report. Total fuel deliveries, a measure of consumption, climbed 0.8 percent to the highest July total since 2007. “Gasoline deliveries, a measure of consumer demand, hit their highest level on record in July,” Erica Bowman, chief economist at the API in Washington, said in an e-mailed statement. “With this indication of increased demand, it’s clear that consumers have continued to benefit from lower gasoline prices at the pump.” The average price of regular gasoline at the pump nationwide was $2.135 a gallon on Wednesday, down […]