Goldman Stunned By Collapse In Gasoline Demand: “This Would Require A US Recession”

(From Zerohedge)

So yes, both gasoline stocks and supply remains at extremely high levels, but what set off alarm bells is not supply, but demand: the EIA last week reported that the 4-week average of gasoline supplied – or implied gasoline demand – in the United States was 8.2 million barrels per day, the lowest since February 2012. And, as Reuters adds, U.S. refiners are now facing the prospects of weakening gasoline demand for the first time in five years.

Click here for the article.

Contact Us
You have 0 items in your cart. Proceed to checkout?
Yes, please!