Wednesday, December 7, 2016

US Gasoline Demand

Today's EIA Petroleum Status Weekly Report added concern about declining activity, with gasoline demand falling to a new seasonal low, and below last year's lowest fall/winter weekly report.  Among the possible explanations, weather isn't one of them.  Perhaps the election.  In any case, this is likely to spell the end of the steady recovery in highway miles that has characterized the post-recession era.