Thursday, July 14, 2022

Gasoline Demand -- Is This Unprecedented? July 14, 2022

Link here:

Two interpretations:

  • bearish: this is even worse than it looks
  • bullish: nothing to see here; setting investors up for a great 2H22

2 comments:

  1. the same thing happened to diesel fuel demand...there was a similar drop in the week after Christmas, and after prior holidays...it probably reflects unwinding of excessive holiday demand expectations by wholesalers and retailers; ie, they didn't sell as much as they expected, so they didn't need to restock as much..

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    Replies
    1. Agree. Others have said the same thing, but regardless, that is still quite a drop. It certainly doesn't seem to reflect all the summer travel that's been reported.

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