RE:Oil Supply Demand thoughtsJust depends how the consumer holds up in this interest rate environment
Implied gasoline demand in USA is down 1.4% y/y
Just one piece of the puzzle though as I noticed gasoline demand is up over 10%y/y in Southeast Asia
but then Europe and china are down ...
super confusing times !
Sept 12
"FUEL DEMAND
According to GasBuddy demand data driven by its Pay with GasBuddy card, U.S. retail gasoline demand fell notably last week (Sun-Sat), declining 5.3%. Broken down by PADD region, demand fell 7.3% in PADD 1, fell 4.3% in PADD 2, fell 4.3% in PADD 3, fell 3.9% in PADD 4 and fell 5.1% in PADD 5.