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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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JR57CA All-Star Author Los Angeles Posts:788 Points:324,525 Joined:May 2011	Message Posted: Apr 29, 2012 10:34:42 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:2,097 Points:487,085 Joined:May 2011	Message Posted: Apr 29, 2012 10:34:29 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 %%%.
LoneGuy Champion Author Lansing Posts:8,460 Points:2,313,995 Joined:Aug 2005	Message Posted: Apr 29, 2012 10:34:13 AM Ignore LoneGuy Report Abuse So we are still in this long running recession? No surprise.
maxcap59 Champion Author Texas Posts:2,751 Points:590,845 Joined:Apr 2011	Message Posted: Apr 29, 2012 10:34:11 AM Ignore maxcap59 Report Abuse You trust the government's numbers? They "adjust" it almost two months later? Just something else to make them jack up prices because of "increased demand".
bullseye100 Champion Author New Jersey Posts:2,414 Points:580,805 Joined:Aug 2011	Message Posted: Apr 29, 2012 10:34:09 AM Ignore bullseye100 Report Abuse Why are they "estimating" numbers for February? That is in the past. Estimates are for the future. MORE GOVERNMENT IDIOCY!!!
OnEmptyMO Champion Author St. Louis Posts:4,974 Points:1,484,675 Joined:Mar 2008	Message Posted: Apr 29, 2012 10:33:41 AM Ignore OnEmptyMO Report Abuse OH just keeps throwing those numbers around! Im sure someone does take the time to figure out what they mean.
Car54BC08 Champion Author British Columbia Posts:4,234 Points:1,506,340 Joined:Jun 2008	Message Posted: Apr 29, 2012 10:32:38 AM Ignore Car54BC08 Report Abuse Demand is down as the world recession nears.
ramgas Champion Author Texas Posts:2,155 Points:1,298,305 Joined:Jan 2005	Message Posted: Apr 29, 2012 10:29:52 AM Ignore ramgas Report Abuse Demand down should mean lower prices at the pump, right?
jpd683 Champion Author Scranton Posts:3,909 Points:1,544,555 Joined:Jul 2005	Message Posted: Apr 29, 2012 10:29:45 AM Ignore jpd683 Report Abuse Tell us present or future things,
AuburnTim Champion Author Indiana Posts:6,828 Points:1,559,190 Joined:May 2005	Message Posted: Apr 29, 2012 10:29:23 AM Ignore AuburnTim Report Abuse Demand will not be up as more and more of us are finding it harder to afford it
SOLONGCOLD Champion Author Ann Arbor Posts:1,100 Points:268,320 Joined:Nov 2010	Message Posted: Apr 29, 2012 10:28:07 AM Ignore SOLONGCOLD Report Abuse u said it Phx !
regasaz Champion Author Phoenix Posts:5,775 Points:1,279,380 Joined:Dec 2006	Message Posted: Apr 29, 2012 10:27:20 AM Ignore regasaz Report Abuse Get rid of Obama, get this country back to work and then take a look at the figures. One month of "revised" figures is NOT a trend.
southrob Champion Author Tucson Posts:3,585 Points:685,150 Joined:Mar 2011	Message Posted: Apr 29, 2012 10:26:51 AM Ignore southrob Report Abuse dhan and watch the economy recover
SOLONGCOLD Champion Author Ann Arbor Posts:1,100 Points:268,320 Joined:Nov 2010	Message Posted: Apr 29, 2012 10:26:29 AM Ignore SOLONGCOLD Report Abuse 4 more years of what ? empty promises and no results ??? blech
SOLONGCOLD Champion Author Ann Arbor Posts:1,100 Points:268,320 Joined:Nov 2010	Message Posted: Apr 29, 2012 10:25:42 AM Ignore SOLONGCOLD Report Abuse ONLY 34 MORE WEEKS
GreenLegend Champion Author Raleigh Posts:1,640 Points:398,385 Joined:Jan 2009	Message Posted: Apr 29, 2012 10:22:47 AM Ignore GreenLegend Report Abuse Do they think prices have anything to do with reduced demand???
IMLURCH Champion Author Minnesota Posts:2,164 Points:1,099,180 Joined:Mar 2009	Message Posted: Apr 29, 2012 10:22:27 AM Ignore IMLURCH Report Abuse and yet we still pay more!!!!!
QueenMother Champion Author New Hampshire Posts:7,378 Points:2,140,510 Joined:May 2006	Message Posted: Apr 29, 2012 10:20:56 AM Ignore QueenMother Report Abuse Yes, DTrain, I agree.
DTrainCanada Champion Author Saskatoon Posts:1,848 Points:1,418,075 Joined:Aug 2005	Message Posted: Apr 29, 2012 10:18:10 AM Ignore DTrainCanada Report Abuse Obama Rocks ... 4 more years!
greenfog Champion Author Illinois Posts:6,470 Points:1,635,120 Joined:Feb 2008	Message Posted: Apr 29, 2012 10:17:34 AM Ignore greenfog Report Abuse there will be no demand until the morons in washington do something to get the economy rolling again.
HawaiianGuy Champion Author Idaho Posts:9,508 Points:3,075,700 Joined:May 2003	Message Posted: Apr 29, 2012 10:17:06 AM Ignore HawaiianGuy Report Abuse Watch Obama, Biden, and the Democrats use this to put some positive spin on why they (in the words of Obama himself) "deserve another 4 years". No shyster ever underestimated the gullibility of the American people.
Topless2012 Champion Author Twin Cities Posts:2,417 Points:478,140 Joined:Jan 2012	Message Posted: Apr 29, 2012 10:14:42 AM Ignore Topless2012 Report Abuse Show me the trend not just a month.
Senrac Champion Author Lincoln Posts:1,594 Points:305,635 Joined:Mar 2010	Message Posted: Apr 29, 2012 10:14:29 AM Ignore Senrac Report Abuse February is over and done with old news
Ticobird Champion Author Huntsville Posts:3,210 Points:1,112,015 Joined:Oct 2009	Message Posted: Apr 29, 2012 10:11:38 AM Ignore Ticobird Report Abuse This statistic is just another indicator of weakness in the U.S. economy.
Algernon Champion Author Greensboro Posts:3,190 Points:783,995 Joined:May 2004	Message Posted: Apr 29, 2012 10:11:36 AM Ignore Algernon Report Abuse Vote Obama out in 2012!!!!!!!!!!!!!
Diesel_Ram Champion Author Dallas Posts:6,482 Points:1,514,460 Joined:Jan 2009	Message Posted: Apr 29, 2012 10:10:38 AM Ignore Diesel_Ram Report Abuse Makes sense
toytech3 All-Star Author Chicago Posts:917 Points:610,820 Joined:Mar 2011	Message Posted: Apr 29, 2012 10:10:09 AM Ignore toytech3 Report Abuse Sounds like gas is going up
Cheepo Champion Author Tampa Posts:9,879 Points:3,125,955 Joined:Apr 2003	Message Posted: Apr 29, 2012 10:09:17 AM Ignore Cheepo Report Abuse How many departments do we need at the department of energy??????? Dump the doe, it outlived its purpose!!!!!!!!!
AAxterra Champion Author Tennessee Posts:3,754 Points:766,410 Joined:Aug 2008	Message Posted: Apr 29, 2012 10:08:56 AM Ignore AAxterra Report Abuse ok
Ticoman54 Champion Author Miami Posts:7,026 Points:1,488,020 Joined:Oct 2008	Message Posted: Apr 29, 2012 10:08:32 AM Ignore Ticoman54 Report Abuse I agree with fordfan1.
TonyPSU Champion Author Cleveland Posts:2,516 Points:691,280 Joined:May 2011	Message Posted: Apr 29, 2012 10:06:17 AM Ignore TonyPSU Report Abuse ok
vrossi46 Champion Author San Jose Posts:2,657 Points:801,895 Joined:Oct 2008	Message Posted: Apr 29, 2012 10:05:35 AM Ignore vrossi46 Report Abuse bluetatanka has it right
gobux10 Champion Author Ohio Posts:3,156 Points:676,825 Joined:Mar 2010	Message Posted: Apr 29, 2012 10:04:54 AM Ignore gobux10 Report Abuse gobal warming? ?
A2J Champion Author Richmond Posts:3,065 Points:600,900 Joined:Aug 2011	Message Posted: Apr 29, 2012 10:03:54 AM Ignore A2J Report Abuse WHAT ???
Digger52 Champion Author Chicago Posts:2,387 Points:844,935 Joined:Aug 2008	Message Posted: Apr 29, 2012 10:03:49 AM Ignore Digger52 Report Abuse And this affects us at the pump. . . .how??
bluetatanka Champion Author Philadelphia Posts:55,589 Points:777,830 Joined:Mar 2011	Message Posted: Apr 29, 2012 10:02:34 AM Ignore bluetatanka Report Abuse The average American is consuming less gas/petroleum products, because...... (drum roll please!).....they can't afford it! Yet, the Big Oil Companies are making record profits!
livewire300 Champion Author South Carolina Posts:3,355 Points:165,485 Joined:Jun 2011	Message Posted: Apr 29, 2012 10:01:40 AM Ignore livewire300 Report Abuse Yep..
THEDodgeman Champion Author Denver Posts:7,977 Points:1,943,515 Joined:Apr 2005	Message Posted: Apr 29, 2012 10:00:25 AM Ignore THEDodgeman Report Abuse on effect
Donatelo Champion Author Dayton Posts:1,115 Points:290,865 Joined:Apr 2011	Message Posted: Apr 29, 2012 9:59:53 AM Ignore Donatelo Report Abuse ok
Beauff Champion Author Cleveland Posts:1,211 Points:602,685 Joined:Sep 2008	Message Posted: Apr 29, 2012 9:59:37 AM Ignore Beauff Report Abuse ok
fordfan1 Champion Author Indiana Posts:9,072 Points:1,887,015 Joined:Jul 2007	Message Posted: Apr 29, 2012 9:55:25 AM Ignore fordfan1 Report Abuse I don't trust anything that the current administration has to say!!!!!!!!
dlzastera Champion Author Minnesota Posts:4,490 Points:1,019,345 Joined:Mar 2006	Message Posted: Apr 29, 2012 9:55:17 AM Ignore dlzastera Report Abuse No recovery in the US yet.
windows7isfast Champion Author Winnipeg Posts:2,389 Points:487,250 Joined:Nov 2011	Message Posted: Apr 29, 2012 9:54:50 AM Ignore windows7isfast Report Abuse wow
duffee01 All-Star Author Mississippi Posts:776 Points:426,515 Joined:Sep 2011	Message Posted: Apr 29, 2012 9:53:35 AM Ignore duffee01 Report Abuse Be aware of anything the government does!!!
zimowski Champion Author San Jose Posts:6,651 Points:1,580,465 Joined:Nov 2007	Message Posted: Apr 29, 2012 9:53:21 AM Ignore zimowski Report Abuse Don't trust information from the EIA in a presidential election year.
HelenT Champion Author Buffalo Posts:2,939 Points:594,900 Joined:Apr 2004	Message Posted: Apr 29, 2012 9:53:20 AM Ignore HelenT Report Abuse creative accounting can say whatever you want it to say! That's a big part of the problem
grammamNV Champion Author Nevada Posts:2,335 Points:372,425 Joined:Mar 2011	Message Posted: Apr 29, 2012 9:51:52 AM Ignore grammamNV Report Abuse ok then
HA4CNN Champion Author Toronto Posts:5,604 Points:1,539,490 Joined:Dec 2006	Message Posted: Apr 29, 2012 9:50:43 AM Ignore HA4CNN Report Abuse The numbers can be changed to whatever they want.
padlocks2 Champion Author Virginia Posts:3,062 Points:621,880 Joined:Aug 2006	Message Posted: Apr 29, 2012 9:50:09 AM Ignore padlocks2 Report Abuse Ya think? people can't afford to travel like they did a year ago, yet the BIG OIL MONOPOLY is making more profits than ever before.
Ready Eddie Champion Author Twin Cities Posts:5,761 Points:1,340,820 Joined:Feb 2003	Message Posted: Apr 29, 2012 9:48:29 AM Ignore Ready Eddie Report Abuse Numbers are not always a true picture.
rjd1608 Champion Author Toledo Posts:5,341 Points:1,926,005 Joined:Aug 2003	Message Posted: Apr 29, 2012 9:48:26 AM Ignore rjd1608 Report Abuse ok
RangerTrainer Champion Author Ottawa Posts:2,438 Points:605,445 Joined:Nov 2010	Message Posted: Apr 29, 2012 9:48:12 AM Ignore RangerTrainer Report Abuse Help us