Apparently there was some re-classification of natural gas storage data yesterday which I understand not at all (maybe a reader can explain it to me) but be that as it may, here is the EIA data for the week:
Gasoline demand, link here:
Combining this graph with the jobs report yesterday, short term, it appears, things are not moving as quickly as the optimists had hoped, with regard to the US economy. Folks need to be reminded this is .... hellooooo ... summer ... things are going to be slow until / through October, 2021. The president's goal was for 70% of American to have at least one vaccination by July 1, 2021 and yet the world as a whole is running about 3%. Is that not amazing? The US is trending toward 70% and the rest of the world is trending toward 7%.
And, if gasoline demand and the jobs report was not sobering enough, the Canadian announcement in the last 24 hours: cross-border movement between the US and Canada will be extended through July 21, 2021.
Wow, the Canadians must really hate us. LOL. Why wouldn't they? Trump? Good, bad, or indifferent, Biden has been so much worse for Canada.
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