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U.S. revises Feb oil demand up but still lags 2011

Reuters -- The government revised up its estimate for the nation's oil demand for February by 2.44 percent, although consumption for the month continued to lag year-ago levels.

The Energy Information Administration said in its Petroleum Supply Monthly report that oil demand for the world's top consumer hit 18.734 million barrels per day in February, which was 446,000 bpd higher than previously estimated.

Demand was off by 135,000 bpd, or 0.72 percent, from the 18.869 million bpd posted for the same month last year, EIA said.

U.S. gasoline consumption was revised up 3.43 percent from earlier EIA estimates, but still seen down slightly from February 2011 at 8.622 million bpd.

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Submitted Apr 29, 2012 By: Mudsprings

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honda0105 Champion Author Tallahassee Posts:18,590 Points:1,606,595 Joined:Nov 2008	Message Posted: May 3, 2012 2:54:10 AM Ignore honda0105 Report Abuse conservation is the key.
cashpayer Sophomore Author Raleigh Posts:147 Points:81,395 Joined:Feb 2012	Message Posted: Apr 29, 2012 11:43:33 PM Ignore cashpayer Report Abuse Hello??? Anyone home?
cashpayer Sophomore Author Raleigh Posts:147 Points:81,395 Joined:Feb 2012	Message Posted: Apr 29, 2012 9:32:04 PM Ignore cashpayer Report Abuse Right, ExplorerWA, we are using less in North America; but the rest of the world is using more.
ExplorerWA Champion Author Washington Posts:4,067 Points:794,325 Joined:Feb 2011	Message Posted: Apr 29, 2012 7:38:04 PM Ignore ExplorerWA Report Abuse People are using less and it is showing.
investmentdr Champion Author Cleveland Posts:4,014 Points:1,452,125 Joined:Sep 2008	Message Posted: Apr 29, 2012 4:41:11 PM Ignore investmentdr Report Abuse keep on conserving
gawxnative All-Star Author Atlanta Posts:510 Points:229,265 Joined:Aug 2006	Message Posted: Apr 29, 2012 2:47:52 PM Ignore gawxnative Report Abuse We (the US) are using less and producing more but pricing id disconnected from that
BM4225 Champion Author Atlanta Posts:10,104 Points:2,092,120 Joined:Aug 2006	Message Posted: Apr 29, 2012 2:40:05 PM Ignore BM4225 Report Abuse Got to get that comsumption down, every one either start walking, taking mass transit, or just sleep at work all week, and go home on Friday.
KrsnaDragon Champion Author Montreal Posts:2,397 Points:528,600 Joined:Nov 2011	Message Posted: Apr 29, 2012 12:43:25 PM Ignore KrsnaDragon Report Abuse Speculation breeds despair.
sydb7 Champion Author Atlanta Posts:3,550 Points:1,917,990 Joined:Mar 2003	Message Posted: Apr 29, 2012 11:46:01 AM Ignore sydb7 Report Abuse This is no surprise bad economy = low demand!
glorioussnookie Champion Author Tennessee Posts:3,761 Points:699,370 Joined:Feb 2010	Message Posted: Apr 29, 2012 11:12:48 AM Ignore glorioussnookie Report Abuse I am so in agreement with "BudsterMO" we must stop the specualtors!!!
BudsterMO Champion Author Kansas City Posts:3,695 Points:701,005 Joined:Aug 2009	Message Posted: Apr 29, 2012 10:19:35 AM Ignore BudsterMO Report Abuse Statistical hair splitting is insignificant to everyone but speculators. I am sure this data will be used to bid up oil futures contracts. Stop Oil Speculation (SOS) NOW!
ezone Champion Author Florida Posts:2,406 Points:944,185 Joined:Oct 2008	Message Posted: Apr 29, 2012 10:06:23 AM Ignore ezone Report Abuse I'm certain this is good information to have, but it is bor-ing.
bart_reed Champion Author Los Angeles Posts:3,959 Points:782,705 Joined:Mar 2011	Message Posted: Apr 29, 2012 10:04:49 AM Ignore bart_reed Report Abuse Too many statistics.
iceman11 Champion Author Ontario Posts:2,715 Points:536,425 Joined:Feb 2011	Message Posted: Apr 29, 2012 9:37:28 AM Ignore iceman11 Report Abuse ok
SOLONGCOLD Champion Author Ann Arbor Posts:1,100 Points:268,545 Joined:Nov 2010	Message Posted: Apr 29, 2012 9:32:38 AM Ignore SOLONGCOLD Report Abuse House clears highway bill with Keystone pipeline mandate, thwarts Obama.April 18, 2012 The Hill By Ben Geman, Russell Berman and Keith Laing see full article posted [Edited by: SOLONGCOLD at 4/29/2012 12:38:30 PM EST]
mageetp Champion Author British Columbia Posts:3,195 Points:623,705 Joined:Aug 2011	Message Posted: Apr 29, 2012 9:25:42 AM Ignore mageetp Report Abuse More spin.
tomok Champion Author Portland Posts:32,944 Points:2,343,560 Joined:Aug 2006	Message Posted: Apr 29, 2012 9:24:44 AM Ignore tomok Report Abuse My fuel demand is much lower than 2011 and the price of fuel at the pump is still too high! And Barry's economy is still bad, very bad! Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very reliable, have a ‘reasonable’ cost and a good ‘value’ for the money. Consider using other forms of less expensive transportation to lower your cost, if possible! 12/22/2012!
mikerroy Champion Author Albuquerque Posts:2,551 Points:717,995 Joined:May 2005	Message Posted: Apr 29, 2012 9:12:50 AM Ignore mikerroy Report Abuse This is an election year, big oil needs to take in more cash so they can BUY the candidates for President, US Senate, Congress, and state law makers. The big oil machine can not keep the price of gas high on their own, they need a lot of help from politicians and the media.
bluebird1 Champion Author Toronto Posts:15,720 Points:3,105,200 Joined:May 2004	Message Posted: Apr 29, 2012 9:08:24 AM Ignore bluebird1 Report Abuse Why is it an estimate when its already occurred & should be able to be measured within limits.?? What they estimate means even less than what is actually demanded - since supply/demand doesn't count anymore...only in paper bbls world.
QualTekGuy Champion Author Illinois Posts:3,051 Points:730,925 Joined:Feb 2007	Message Posted: Apr 29, 2012 9:05:58 AM Ignore QualTekGuy Report Abuse Demand down. Prices up. Vote responsibly this November.
rocket_ron Champion Author Grand Rapids Posts:6,271 Points:1,983,570 Joined:Jul 2006	Message Posted: Apr 29, 2012 9:02:54 AM Ignore rocket_ron Report Abuse Duh, the normal Joe has not participated in any of the recovery.
methaneman Champion Author Minnesota Posts:2,608 Points:1,283,435 Joined:May 2002	Message Posted: Apr 29, 2012 9:01:39 AM Ignore methaneman Report Abuse Fuel prices still $1 a gallon to high!
RBob Champion Author Portland Posts:3,359 Points:2,344,950 Joined:May 2004	Message Posted: Apr 29, 2012 8:59:16 AM Ignore RBob Report Abuse Then what is their justification for jacking the prices up? Oh yes, I forgot, speculation and price fixing by the big oil monopoly.
sramroop Champion Author Birmingham Posts:3,302 Points:736,930 Joined:Jul 2010	Message Posted: Apr 29, 2012 8:55:46 AM Ignore sramroop Report Abuse Politics
sit Champion Author Cleveland Posts:5,190 Points:1,930,020 Joined:Feb 2006	Message Posted: Apr 29, 2012 8:55:44 AM Ignore sit Report Abuse OK
njerald Champion Author Seattle Posts:7,814 Points:1,621,125 Joined:Oct 2007	Message Posted: Apr 29, 2012 8:55:24 AM Ignore njerald Report Abuse Don't believe ANY Liberal government numbers......
bowler360 Champion Author Illinois Posts:1,960 Points:496,850 Joined:Jun 2011	Message Posted: Apr 29, 2012 8:55:12 AM Ignore bowler360 Report Abuse I'm driving less now. Not sure about the rest of you.
outlaw329 Champion Author Austin Posts:7,611 Points:1,373,305 Joined:Aug 2008	Message Posted: Apr 29, 2012 8:53:03 AM Ignore outlaw329 Report Abuse The government is nothing but a bunch of POS and they want nothing more then to kiss the ass of their leader and bring this Great Country down!
hailsupersport Champion Author Cincinnati Posts:1,230 Points:231,060 Joined:Dec 2011	Message Posted: Apr 29, 2012 8:52:56 AM Ignore hailsupersport Report Abuse ok
ItsMorph Champion Author Grand Rapids Posts:33,415 Points:3,183,230 Joined:Mar 2004	Message Posted: Apr 29, 2012 8:52:02 AM Ignore ItsMorph Report Abuse
GRUMPY55 Champion Author California Posts:1,619 Points:421,450 Joined:Oct 2011	Message Posted: Apr 29, 2012 8:51:49 AM Ignore GRUMPY55 Report Abuse Ok
dsaine Champion Author North Carolina Posts:2,982 Points:629,570 Joined:May 2011	Message Posted: Apr 29, 2012 8:50:06 AM Ignore dsaine Report Abuse Remember to vote in November.
Ray_10589 Champion Author New York Posts:4,931 Points:1,180,810 Joined:May 2009	Message Posted: Apr 29, 2012 8:50:05 AM Ignore Ray_10589 Report Abuse no surprise ...
Der_Meister All-Star Author Salt Lake City Posts:801 Points:63,660 Joined:Nov 2010	Message Posted: Apr 29, 2012 8:49:57 AM Ignore Der_Meister Report Abuse Put a leash on the oil companies and speculators!!!
WinderGuy Champion Author Georgia Posts:2,854 Points:929,680 Joined:Mar 2008	Message Posted: Apr 29, 2012 8:49:49 AM Ignore WinderGuy Report Abuse Ok
red5529 Champion Author Alabama Posts:4,254 Points:1,456,435 Joined:Mar 2008	Message Posted: Apr 29, 2012 8:48:39 AM Ignore red5529 Report Abuse The greener the administration trys to go the more oil we use as we try to keep away from Obama's more expensive energy.
repeater1 Champion Author Topeka Posts:8,288 Points:2,362,895 Joined:Oct 2005	Message Posted: Apr 29, 2012 8:47:58 AM Ignore repeater1 Report Abuse More useless information
gvan Champion Author Chicago Posts:21,509 Points:2,833,365 Joined:Dec 2004	Message Posted: Apr 29, 2012 8:45:51 AM Ignore gvan Report Abuse "republicans have tried to get the Keystone pipeline running and/or drill in our own country but B.O. puts the kabosh on them every time.. read the facts!" Another fact: The Democrats wanted a mandate that, if approved, the oil from the Keystone pipeline would only be used for domestic purposes but it was shot down by the republicans.
rhail2 Champion Author Kentucky Posts:1,452 Points:287,485 Joined:Apr 2011	Message Posted: Apr 29, 2012 8:45:37 AM Ignore rhail2 Report Abuse ok
ss70 Champion Author Detroit Posts:9,639 Points:1,867,175 Joined:Sep 2005	Message Posted: Apr 29, 2012 8:44:14 AM Ignore ss70 Report Abuse Hope low demand continues
mitchell6597 Champion Author New Hampshire Posts:3,462 Points:728,360 Joined:Apr 2010	Message Posted: Apr 29, 2012 8:41:07 AM Ignore mitchell6597 Report Abuse Means nothing, essentially.
JLSindy Champion Author Cleveland Posts:3,476 Points:670,340 Joined:Aug 2005	Message Posted: Apr 29, 2012 8:40:56 AM Ignore JLSindy Report Abuse I agree with most of what everyone says.
bginsj Champion Author San Jose Posts:1,858 Points:1,232,685 Joined:May 2009	Message Posted: Apr 29, 2012 8:39:52 AM Ignore bginsj Report Abuse same story different day
drawee Champion Author Texas Posts:2,290 Points:445,135 Joined:Feb 2012	Message Posted: Apr 29, 2012 8:39:50 AM Ignore drawee Report Abuse old news
kc58veteran Champion Author Pennsylvania Posts:2,511 Points:583,680 Joined:Jul 2009	Message Posted: Apr 29, 2012 8:39:39 AM Ignore kc58veteran Report Abuse VOTE TO CLEAN OUT WASHINGTON IN 2012!!!!!
SOLONGCOLD Champion Author Ann Arbor Posts:1,100 Points:268,545 Joined:Nov 2010	Message Posted: Apr 29, 2012 8:37:50 AM Ignore SOLONGCOLD Report Abuse republicans have tried to get the Keystone pipeline running and/or drill in our own country but B.O. puts the kabosh on them every time.. read the facts!
Jizme Champion Author Lincoln Posts:9,866 Points:2,902,850 Joined:Oct 2004	Message Posted: Apr 29, 2012 8:37:50 AM Ignore Jizme Report Abuse Bla, bla, bla, whatever.
jci25946 Champion Author Tampa Posts:3,251 Points:936,865 Joined:Jan 2006	Message Posted: Apr 29, 2012 8:37:09 AM Ignore jci25946 Report Abuse Too bad low demand doesn't mean low prices!!!
JR57CA All-Star Author Los Angeles Posts:788 Points:324,525 Joined:May 2011	Message Posted: Apr 29, 2012 8:34:42 AM Ignore JR57CA Report Abuse Aren't we glad to know our tax dollars have a purpose. And, for those of you who keep thinking any President can control the price we pay at the pump - GROW UP! The oil industry is PRIVATE, though publically traded. They can charge whatever they want for "their" product(s). Unless the Gov't regulates the entire industry(which Republicans will not allow, as they are primarily oil people), there is no possible way for the price we pay at the pump to be decided in D.C.! However, controlling "speculators" is possible and a good idea!
Cableman66 Champion Author North Carolina Posts:2,100 Points:487,995 Joined:May 2011	Message Posted: Apr 29, 2012 8:34:29 AM Ignore Cableman66 Report Abuse In an electronic age seems this info would be available earlier and not being revised 60 days after the fact. Makes you wonder if the EIA INFO is correct or did these guys get trained where the weather guys did %%%.