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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: Canuck Dave who wrote (77949)8/19/2011 10:39:16 AM
From: elmatador  Read Replies (2) of 217592
 
US petrol demand evaporates
On corner lots around the New York city suburbs, you’ll see something almost shockingly un-American. Petrol stations sit vacant, their plate glass windows armoured with plywood. Ragweed pokes through the parking aprons.

There are many reasons for this; among them, the rise of discount petrol sold at big-box wholesale retailers on the highways. But the vacancies also underscore a stark fact: petrol, or gasoline, demand is evaporating in the US, the world’s biggest oil consumer.

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