Great Example Of High-Price-Demand Destruction -- October 4, 2023

Locator: 45649GASOLINEDEMAND.

I'm sure there have been many examples of this over the years, but I do not recall seeing it to this extent. This is really quite something. Link here to Reuters.

And then look at the build of gasoline stores reported this month. One source suggested torrential rains in NYC area this past week -- I don't think so. I think it's all about the high price of gasoline in southern California. This has huge implications for the oil sector as EV penetration continues to increase in California. 

And, as long as I've digressed this far, let me re-ask the question I asked earlier today:

• poll: all things being equal -- price and range; would you rather buy:
• a Tesla
• a Ford EV
• if you answered Ford EV, you are not paying attention
• like the Barbie movie, let's ask the question again
  
• poll: all things being equal -- price and range; would you rather buy:
• a Tesla
• a Ford EV

Earlier, I asked this question.

Say what? Is $6-gasoline in California part of the problem?

Gasoline demand:

Then, taking my own advice, when no one offered a reason, I googled the question, and here's the answer.

And, then look at all the incredible data points in this story: