UPDATE 1-Weak economy, high prices reduce US gasoline use

Newswire

(Adds comments from API chief economist, Federal Reserve chairman) By Tom Doggett WASHINGTON, Jan 17 (Reuters) - U.S. demand for crude oil and petroleum products fell 0.6 percent in December from a year earlier as a slowing economy and higher pump prices reduced gasoline consumption, the American Petroleum Institute said on Thursday. Petroleum deliveries, excluding exports, averaged 20.667 million barrels per day, down 128,000 bpd from last December, the API said in its monthly oil ...

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