Gasoline demandI am surprised no one is talking about the surging gasoline demand. Two weeks ago, the sky was falling due to lackluster gasoline demand of 8 Mbls/D. last week was 8.5 Mbls/D. And this week is a very healthy 8.9 Mbls/D. Maybe people should look at the longer trend rather than weekly data. At least look at the 4-week average.
Distillates are also all over the place. Crude is no different.