Gasoline Demand -- May 31, 2021

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:

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Over on twitter earlier today, someone asked, "where are all the $70-Brent bulls now?"

My reply: "Quietly buying Chevron stock."

See ten-year history here.

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?