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..

    ReplyDelete
    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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