Sunday, February 14, 2016

Gasoline Demand Picking Up -- Do Two Data Points Make A Trend? -- February 14, 2016

On February 3, 2016, I pointed out some really, really good news. As I've said before, if I was (were?) allowed only one data point to track the health of the US economy, I would select "gasoline demand."

Most recent data, released February 10, 2016, while I was traveling:

Three things to note:
  • the trend
  • how steep the trend is
  • how wide the delta is, year-over-year

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