Of those 9.3 million barrels, 9.2 million were delivered (maybe the rest got lost somewhere). This number of delivered barrels is a record for any March on the books and just shy of the highest record of barrels delivered, 9.6 million per day, set back in July of 2007. API chief economist John Felmy spoke about the record-breaking month noting that it's:
What is apparent from the recent trend is that gasoline consumption won't fall off anytime soon and higher prices rarely lead to lower demand. And remember, these numbers are for March, and peak summer gasoline usage is still months away. We could be in for a long, record-shattering summer.Abundantly clear that supply is not an issue with the higher gasoline prices we've seen. Sharply higher crude oil prices are driving that, and they continue to put upward pressure on the price at the pump.
[Source: American Petroleum Institute via Green Car Advisor | Image: BradleyPJohnson - C.C. License 2.0]