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19 comments on Go ahead and drive less

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Halfin on September 25, 2005 - 9:15pm Permalink | Subthread | Comments top
A gas price of over $3 makes an impression which a price of $2.75 does not. Unless prices go back up I would expect demand to increase again.

Gas "demand" levels (really, amount of gasoline shipped to the ends of the pipelines) are plotted at http://tonto.eia.doe.gov/oog/info/twip/twip_gasoline.html#demand and updated every Wednesday. It will be interesting to continue watching this and see how consumption levels change if prices stay below $3.

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mw on September 25, 2005 - 10:52pm Permalink | Subthread | Parent | Comments top
Through all this turmoil "demand" only dropped by 200,000 bbl/day above and beyond what is considered normal??

That's probably about as much as was shut in by refinery outages. No doubt at least some reduction in "demand" (shipments) is as a result of outages plus other factors as noted.

Still a 2.22% decline is fairly substantial; Jet fuel demand growth has also been dropping for the last several weeks - fairly steeply.

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19 comments on Go ahead and drive less

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