Washington, D.C.-based American Petroleum Institute said this week that U.S. petroleum demand – as measured by total domestic petroleum deliveries – increased by only 17,000 barrels per day in April compared to March (to 19.8 million b/d). But compared to April 2022, U.S. petroleum demand fell 0.8 percent – the fifth straight month of year-to-year declines averaging -2.6 percent. The trade association said the small monthly increase was a result of increases in motor gasoline, Kerosene-type jet fuel and residual fuel.
Consumer motor gasoline demand – measured by motor gasoline deliveries – increased by 32,000 b/d in April from March to 8.9 million b/d and by 156,000 b/d from April 2022.
U.S. crude oil production grew to 12.4 million b/d in April – only 2,000 b/d more than in March and 700,000 b/d more than April 2022. U.S. petroleum exports of 10.2 million b/d in April – including 4.1 million b/d of crude oil and 6.1 million b/d of refined products – fell by more than 800,000 b/d from March. And U.S. petroleum imports in April rose by 7.1 percent from March.