SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?


To: Kayaker who wrote (163772)2/12/2012 12:47:25 PM
From: pz3 Recommendations  Respond to of 206338
 
"Hard to believe but gasoline sales in the US are half of what they were in June 2007 and dropping like a rock. (You can draw a box with your mouse and zoom in.)"

Not hard to believe at all....the Big "0" arrived in Jan. of 2009 and it's been downhill ever since.

Just think what he can do in 4 more years.....oh geez...I think I threw up a little in my mouth. :o)

Paul



To: Kayaker who wrote (163772)2/12/2012 5:45:47 PM
From: Kayaker  Respond to of 206338
 
Average Gasoline Price Jumps To Highest In 5 Months
Submitted by Tyler Durden on 02/12/2012 17:21 -0500

....As the weekly Lundberg survey shows, in the week ended February 10, gas rose by 11.57 cents to $3.5101, the highest since September. The latest price is also 12% higher compared to a year earlier. What is troubling is that as the attached chart shows, the trend of gradual gas price declines has now firmly ended, having touched a low of $3.20, and has been replaced by a steady climb over the past 2 months. In other words, the US consumer's retail spending has been far weaker than expected in November and December, and soon to be discovered in January, primarily due to gas purchases, which have already plunged as discussed recently, once again taking up a substantial portion of the discretionary spending basket (on credit at that)....

zerohedge.com



To: Kayaker who wrote (163772)2/12/2012 7:11:13 PM
From: t4texas2 Recommendations  Read Replies (3) | Respond to of 206338
 
from your links i went to this matrix (below) for daily motor gasoline deliveries from refiners from 1983 to 2011. the last reporting date for this matrix was 2/1/2012 as noted on the matrix at the bottom of it. i can see there has been a gradual decline in motor gasoline deliveries since 1983, likely due to car efficiencies even as the number of cars has increased on amercan roads. also i can see some jumps and declines likely depending on driving season and various recession and expansion periods.

however the drop in motor gasoline refinery deliveries in october 2011 and november 2011 are huge relative to any other period i see since 1983. i am truly amazed at what might have been going on to cause this. i know i see no shortages at gas stations i drive by or fill up. did we go into a driving depression in october? are the gas guzzling older cars selectively come off the roads that fast, and the new ones get so much better mileage. is the unemployment simply keeping a ton of extra people from driving anymore? are that many more people simply working from home? i know some refiners are shutting down their operations permanently, but with this drop in gasoline deliveries per day to retail i think i would have seen a much larger increase in retail gasoline prices than i have seen since last autumn -- unless a lot less people are driving (or something).

eia.gov