Demand takes a holiday… EIA – Commodity Research Group

July 13, 2022 by Jim Colburn Leave a Comment

Here is the supply/demand table from the EIA’s Weekly Petroleum Status Report… Note in the Products Supplied section that 4-week average total implied demand is now 4.1% below last year while year to date is +4.3%… Gasoline 4-week demand is -8.0.% vs. +0.4% year to date… In a market economy, price rations demand… Seems to be working…

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