Wednesday, June 13, 2018

Gasoline Demand In The US Hits An All-Time Record -- June 13, 2018

From the EIA, thousand bbls gasoline/day:


Back of envelope calculations:

One year ago:
  • 2nd week, June, 2017, one year ago:  9,269
  • peak, summer, 2017, one year ago: 9,846
  • (9846-9269)/9269 = 6.2%
Extrapolating forward:
  • 2nd week, June, 2018, most recent data: 9,879
  • 9,879 * 1.062 = 10,491 thousands bbls gasoline/day

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