Re-posting, from yesterday:
From a reader who follows this very, very, very closely:
The gasoline inventory increase of 23,962,000 barrels over the past 3 weeks appears to be the largest in any three week period on record, and even exceeded the 4 week inventory increase of 23,952,000 barrels that we saw at the outset of the pandemic lockdowns from mid-March to mid April of 2020.
Repeat:
The gasoline inventory increase of 23,962,000 barrels over the past 3 weeks appears to be the largest in any three week period on record, and even exceeded the 4 week inventory increase of 23,952,000 barrels that we saw at the outset of the pandemic lockdowns from mid-March to mid April of 2020.Demand destruction?
One would think that one side of political spectrum or the other would be making hay with this, but...crickets all around
ReplyDeleteI'm not surprised it's not in the mainstream media -- that's getting pretty deep into the weeds, and besides, no one understands graphs.
DeleteBut I am surprised I have not seen this graphic on CNBC. You are correct; it is weird.