Energy

US March gasoline demand highest for month since 2008: EIA

Gas demand increases as Americans hit the road
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Gas demand increases as Americans hit the road

U.S. gasoline demand rose more than 4 percent in March to nearly 9.06 million barrels a day, the highest level for the month since 2008, monthly data from the U.S. Energy Information Administration released on Thursday showed.

March demand increased 4.7 percent compared with the previous month and 4.3 percent compared with the same month a year ago.

The increased appetite for the oil product rekindled expectations that a pickup in summer demand will help ease the glut of oil domestically and globally.

Read MoreUS oil production hits 43-year high ahead of OPEC

Total U.S. petroleum product demand rose 1.5 percent in March to 16.8 million bpd, also the highest level for the month since 2008, data from the EIA's petroleum supply monthly report showed.

U.S. motorists drove a record number of miles in March, logging 261.7 billion miles on U.S. roadways, the most ever for the month and a 3.9 percent bump over the year-ago month, according to data from the Federal Highway Administration .