RE:RE:RE:RE:RE:RE:RE:Obe K yes fuel is more expensive but the roads are still full of cars
I paid $2.31 / L yesterday for premium
Truckers will be paying $1200-1500 to fill up
But we all still fill up.
Actual demand destruction looks like the road traffic during the first Covid lock downs Empty shopping center car parks and very few cars on the road That's what 10 million barrels of demand destruction looks like
Where I live there is no noticeable difference in road traffic - and fuel is more expensive here than anywhere else in North America
There is not enough demand destruction at todays prices to stop oil prices from rising, let alone keep it steady or bring it back down