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Thursday, May 23, 2019

US Gasoline Demand Stalling

This week's EIA Petroleum Balance Sheet showed more weakness in Motor Gasoline Product Supplied, with the 4 week average down 1.1% from '18, and the YTD number off by 0.4%.

Dampening some of the weekly noise in the data, here are the 52 and 13 week averages, showing a slight YOY deficit since last Autumn: