Drivers are really, really watching the price of oil.
Yesterday evening, seeing oil spike to $130 I told my wife she needed to fill her tank. I was joking; I really don't care. We drive so very little.
But this morning with her tank more than half full she remembered what I said last night and filled her tank. Price of unleaded regular: $3.49 / gallon.
But this is the interesting part. Except during an occasional hurricane, maybe once every two years, local gasoline stations seldom "run out" of gasoline.
Today, my wife said half of the pumps were "out of gasoline." They had the familiar plastic bags over half the pumps.
Are you kidding me? Yes, by Sunday afternoon (gasoline is generally not delivered on the weekends), our local stations were running out of gasoline -- folks knew what was coming this week.
Truly amazing.
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Economic Indicators
First group "financial / economic" indicators:
