The U.S. Energy Information Administration said demand for gasoline was up 4.5 percent over a four-week rolling average in the week ending Sept. 19, compared to the same period a year ago.
But supplies were also up. Crude oil stockpiles rose 2.8 million barrels in the week. Gasoline inventories rose by 5.4 million barrels, the EIA said Wednesday.
The price of light, sweet crude dropped $2.42 Thursday to $65.96 per barrel.
Heating oil prices lost 0.0629 cents to $1.6875 per gallon. Reformulated
gasoline prices fell 0.0713 cents to $1.6221 per gallon. Natural gas prices added 0.136 cents to $3.969 per million British thermal units.
At the pump, the national average price for unleaded gasoline was $2.534 a gallon Thursday, down from Wednesday's $2.54, AAA said.
Copyright 2009 by United Press International.
Post new comment