Business

September fuel demand at five-year high

U.S. monthly fuel consumption hit a five-year high for the month of September as low prices spurred demand.

Total deliveries of petroleum products, a measure of demand, rose 0.4 percent from a year earlier to 19.3 million barrels a day last month, the American Petroleum Institute said in a monthly report Friday.

Gasoline consumption advanced 2.3 percent to 9.02 million barrels a day, while demand for distillate fuel, a category including diesel and heating oil, increased 0.4 percent to 3.95 million.

The U.S. pumped crude in September at 9.12 million barrels a day, the fastest pace for the month since 1972. But that was down 2.1 percent from August.

Bloomberg News

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