|SGasoline and distillate demand growth in the
U.S. is very different compared to Europe.
Not only is gasoline demand higher than distillate (and diesel), but
in the U.S. both products are growing at similar rates.
|–Actually U.S. distillate annual growth from
1995 to 2004 averaged 2.1% and gasoline demand increased annually at 1.7%.
|–As a result, distillate’s share of the light
product market increased slightly.
|SIn spite of similar growth patterns, the
increased demand for gasoline and distillate was supplied in different ways.