Thursday, March 31, 2016

Factoid: Surprising increase in US gasoline demand

Today's WSJ reported that US gasoline demand in the 4 weeks ending last Friday averaged 9.4 million BPD, which is a summer peak-like level. (8.8 mn BPD in same period in 2014 and 2015.) Lower prices are having their logical effect. (Total oil demand was 19.4 mn BPD in 2015.)

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