Petroleum demand in the United States declined around 2% last week as motor gasoline use fell, while demand for jet fuel saw an uptick for the period leading up to the Thanksgiving holiday, according to the latest data from the Energy Information Administration (EIA).

In its updated Weekly Petroleum Status Report, EIA recorded roughly 19.2 million b/d of total petroleum products supplied for the week ending Nov. 20, down from around 19.6 million b/d in the previous week and well shy of the 21.1 million b/d supplied in the year-ago period.

U.S. commercial crude oil inventories excluding the Strategic Petroleum Reserve declined 0.8 million bbl week/week to 488.7 million bbl, about 6% higher than the five-year average, the agency said.

The latest petroleum figures from EIA...