70 comments on POLL: CLU08 went through $114/bbl..so, in the next 60 days, the front month price of CL will...
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70 comments on POLL: CLU08 went through $114/bbl..so, in the next 60 days, the front month price of CL will...
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The "demand is down" mantra the MSM trumpets will be hitting a flat note in the coming weeks IMO.
I still know of no one who drives less and from what my lying eyes tell me, nobody else is driving less either.
As a matter of fact, travel is up in Southeast Michigan, people are leaving Detroit in droves
Anecdotally I offer two observations which support reduced driving levels at least in the West: the commuter freeway load is appreciatively off in Santa Cruz CA., with shorter backups during "rush-hour" and quicker cross-town drive-times. Secondly, I just road-tripped to Gillette WY and noted a much lower volume of RV traffic compared with the same trip five years ago. This should be high season for traveling campers and motor homes, but it seemed starkly quieter on the major highways.
This says nothing about Detroit, but around me at least there is less driving going on. Of course sales and inventory numbers trump casual conjecture, but we're looking at this as possibly our last "road trip" of any length--and appropriately so--I have a big footprint this year...