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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Archie Meeties who wrote (163956)2/15/2012 11:14:12 PM
From: raybiese  Read Replies (2) of 206338
 
Archie Meeties: FWIW, the quote was from the article.
"Falling gasoline data will have some mundane explanation, and it will not be "austerity"."
The only 'mundane explanation' that I can think of for such a sharp drop in retail gasoline consumption is the ethanol producers were draining storage before the end of blending subsidies. If so, there should be a pop in Jan/12. Perhaps others have a better 'mundane explanation'. But the data is the data... accurate, inaccurate, estimate pending revision or revised actual.
In rail traffic, I did not see data confirming the gasoline data . aar.org
Speaking of the AAR.... They produce a monthly data bundle of economic indicators: aar.org
I cannot seem to find EIA data for retail diesel use. That is about as deep as I want to dig right now.
Having conflicting data is not new.
Ray
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