Worries about US gasoline demand raised in EIA report send oil down OIL futures extended their recent losses Wednesday, hitting their lowest level all year in the US, as investors focused on falling gasoline demand in a weekly report on domestic crude stockpiles. The Energy Information Administration said its measure of demand for the motor fuel fell 1.1 per cent to 8.3 million barrels a day during the week ended April 12, the lowest level for that week in 16 years.