tom2987

'Demand Destruction' and Gasoline Prices

Holy smokes, that 1.7 was last weeks number. Mastercard just came out with this weeks report.

"The four-week moving average for gasoline demand fell 5.2 percent from last year's levels to 9.163 million barrels per day"

www.reuters.com/articl...

Inventories out tomorrow, if we have a substantial build, on top of this substantial reduced demand, it could get ugly for the speculators.