DOE stats back up marketer talk that suggests gasoline demand is subpar in most states. For the first time in thirteen months, U.S. gasoline demand slipped below 9 million b/d. There is a sense that before winter is over, there will be several more weeks beneath this number. DOE's calculations implied demand at 8.964 million b/d, the lowest figure since February 24,2006. Year-on-year comparisons are misleading, with most recent four weeks up 1.1% from same period in 2007, when ice storms and other inclement weather temporarily dampened offtake.
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