Gasoline Demand

This is an interesting chart from the US Energy Information Agency (EIA). The graph is at the very bottom of the page at the link.

It looks like "gasoline demand" on a monthly basis for 2012 - 2013 might be lagging slightly -- ever so slightly -- compared to 2011 - 2012, but the four-week moving average (from April, 2013, to July 2013; the red dots/line) is very, very interesting. That's a four-week moving average.

The price of gasoline is set to surge. That should take some wind out of that sail.

I remember folks saying the price of Bakken oil would fall if the Keystone XL pipeline was approved. For all intents and purposes, CBR and pipeline reversals have pretty much eliminated choke points at Cushing, without the need for the Keystone. The result: WTI is close to parity with Brent.