Economics
U.S. Diesel Consumption Surged in October, API Report Shows
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U.S. diesel consumption increased in October from a year earlier, a signal that the U.S. economy is rebounding, according to the American Petroleum Institute.
Demand for ultra-low sulfur diesel, the type used on highways, rose 8.4 percent to average 3.19 million barrels a day last month, the industry-funded group said today in a report. Consumption during the first 10 months of 2010 climbed 2.9 percent to 2.97 million barrels a day.