The U.S. Energy Information Administration (EIA) reported that total oil demand fell 0.5% year-over-year in August, or 101,000 barrels per day, to 20.884 million barrels per day (up 1.9% in July). Gasoline demand also fell 0.5% year-over-year in August, or 45,000 barrels per day, to 9.212 million barrels per day (down 1.8% in July). Distillate fuel oil demand fell 4.8% year-over-year in August, or 186,000 barrels per day, to 3.703 million barrels per day (up 2.8% in July).
