U.S. petroleum demand jumped along with a continued rise in gasoline consumption, while domestic oil production held even, according to the latest federal data.

Overall petroleum demand for the period ended May 14 jumped 10% week/week, the U.S. Energy Information Administration (EIA) said Wednesday.

Gasoline demand, up substantially this year, increased 5% week/week to 9.2 million b/d, reaching the highest level since prior to the pandemic in early March 2020, EIA said in its Weekly Petroleum Status Report (WPSR).

Refinery utilization held strong as well, rising to 86.3% from 86.1% a week earlier, and up from 69.4% a year earlier.   

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