Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:
Prices are down because consumption is down. It is down to nearly the levels at the height of the pandemic.
Citation needed
There is no citation for that because it isn't true.
Consumption is way up as evidenced by the record oil company profits.
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.
Did you even read the article? The comparison is to the summer of 2020 - summer when Americans generally increase driving.
Americans are officially driving less than they did in the summer of 2020, when pandemic travel restrictions all but halted movement.
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.