Reply to $7/gallon gas is coming

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Reply to "$7/gallon gas is coming"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote] Prices are down because consumption is down. It is down to nearly the levels at the height of the pandemic. [/quote]
Citation needed [/quote]

There is no citation for that because it isn't true.

Consumption is way up as evidenced by the record oil company profits.[/quote]

[twitter]https://twitter.com/JayCaruso/status/1557713113826426880[/twitter][/quote]

You’re not very good at reading simple graphs are you? See that gigantic dip in the grey line that represents 2020? We are far far far above that pandemic low. [/quote]

Did you even read the article?  The comparison is to the summer of 2020 - summer when Americans generally increase driving.

[quote][b]Americans are officially driving less than they did in the summer of 2020, when pandemic travel restrictions all but halted movement.
[/b]
The four-week average of US gasoline consumption -- the best gauge for the country’s demand -- is now more than 1 million barrels a day below pre-Covid seasonal norms, according to Energy Information Administration data. [/quote][/quote]

Oh there was pent-up demand in summer 2020 after four months of lockdowns? Say it ain’t so. 
[/quote]

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