Now look how often the US exceeds 10 million b/d of gasoline production:
The other graph that continues to amaze me is the trend of gasoline production over time. I thought with all those EVs that Elon Musk is selling and the stricter CAFE standards, gasoline production should be trending down. There is not even a suggestion that gasoline production will be trending down any time soon.
I could be wrong, but I believe "produced gasoline" includes gasoline that will be exported. But for the moment, the amount of gasoline being exported is a relative "drop in the bucket" vs the amount of gasoline that is being produced.
*********************************
US Crude Oil
Days of crude oil supply is trending in the correct direction for those looking for re-balancing, but I think it's too early to say a) if the trend will continue; and, b) if it continues, how quickly it will return to 24 days of supply (which is still greater than the 18 - 20 days one might like to see.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.