GasBuddy, link here:
According to GasBuddy data, weekly US gasoline demand rose 9.5% last week, or 4.7% higher than the four-week average, setting a new COVID weekly high.
This is so cool. On May 20, 2021, I wrote:
Disclaimer: this is not an investment site. Do not make any investment, financial, job, career, travel, or relationship decisions based on what you read here or think you may have read here.
Over on twitter earlier today, someone asked, "where are all the $70-Brent bulls now?"
See ten-year history here.
My reply: "Quietly buying Chevron stock."April 12, 2020: Brent was selling for $9.12 / bbl. That was one year ago.
So, when some twit asked "where are all the $70-Brent bulls now," I replied:
"Quietly buying Chevron stock."
Today, only eleven days later, $70-Brent:
And, oh, by the way, did you see that late-breaking story that OPEC boosted production less than forecast in May?
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