U.S. Refiners Haven't Seen Fuel Demand Destruction

U.S. refiners say there is no indication across their channels that America's fuel demand is weakening, contrary to recent data about gasoline consumption. The weekly inventory reports from the EIA at the beginning of July pointed to faltering demand after nationwide gasoline prices hit an average of $5 a gallon in the middle of June. During earnings calls this week, however, some of the largest U.S. refiners said they hadn't seen any signs of demand destruction.    "Through our wholesale channel, there's really no indication of any demand…