Thursday, May 4, 2017

Ouch! WTI Drops To Five-Month-Low; Gasoline Demand Turns Ugly -- The Good News -- The Price Of Gasoline Dropping At Our Neighborhood Exxon -- May 4, 2017

Now, down more than 5%:

Earlier, just down 2%:

Jim Cramer over at CNBC feels comfortable that WTI won't dip into the 30's. Okay.

Gasoline Demand

Of course, this goes against my argument that jobs data correlates with gasoline demand, but it is what it is. This is simply not good. Gasoline demand is well below what it was a year ago and trending in the wrong direction, and if I recall, last year was not exactly a great year for the economy. Now we have this:

No comments:

Post a Comment