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Apr 28, 2008 7:00 a.m. Article Structure
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Thoughts on Demand Destruction: Where Is It?Displaying mentions in this article, for full text please visit source.
Show me items relating to: Demand Destruction, Gasoline Consumption, Marginal Gasoline
Where’s the Demand Destruction?
Oil is close to $120/barrel, so where’s the demand destruction? The latest EIA figures actually show a 0.57% increase in US gasoline demand year on year over the last week. The week prior also showed an increase in gasoline demand, but the 4-week average still shows a 0.5% decrease because of lower demand in 2008 for the weeks ending 4/4/08 and 3/21/08. Regardless of which statistic one chooses, this is hardly a convincing case for demand d... ... Content suppressed by ://URLFAN, for full article visit source ...
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