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Thursday, July 8, 2021

Implied Gasoline Demand Hits All-Time Record? Let's See If Corroborated By EIA -- July 8, 2021

Re-posting. This is huge. 

This is huge, if it's corroborated later today by the EIA, which I doubt will happen [I was wrong; see this note.] But one twit suggests "implied gasoline demand" has now surpassed 10 million bpd. If that is accurate that should be a new record, passing even high-water (or should we say, the high-gasoline) mark of 2019. Link here

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