Gasoline demand: Don sent me this note; he knows I don't have cable television so I am unlikely to see
CNBC:
A broker on CNBC earlier
today said that gasoline consumption should be going
up, because the price is dropping. Instead gasoline
consumption was going down during most of 2015, and that trend
continues in 2016. The broker still maintains that the people are
driving less and saving cash / or paying off bills.
This updates my
recent commentary on this subject. I'm glad to see a
CNBC talking head is reading the blog. LOL.
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