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Why Is Gasoline Consumption Tanking?
Of Two Minds ^ | 2/10/2012 | Charles Hugh Smith

Posted on 02/10/2012 10:49:46 AM PST by VA Voter

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Well reasoned, well written blog post. Well worth a read.
1 posted on 02/10/2012 10:49:50 AM PST by VA Voter
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To: VA Voter

Also, 11% fewer people driving to work.


2 posted on 02/10/2012 10:54:33 AM PST by Bronzewound
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To: VA Voter

Also, 11% fewer people driving to work.


3 posted on 02/10/2012 10:55:02 AM PST by Bronzewound
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To: VA Voter

That’s just staggering!!

It’s ‘real’ data too. Not something that has been statistically ‘whitewashed’ by .gov bureaucrats.


4 posted on 02/10/2012 10:56:43 AM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: VA Voter

Very interesting, and maybe a harbinger for economic disaster indeed. However, I would suspect that July driving is ALWAYS much higher than November in normal times. Vacations, more later in the day activites, etc.

However, something to look at for sure.


5 posted on 02/10/2012 10:57:03 AM PST by C. Edmund Wright
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To: VA Voter

Must be all those Chevy Volts on the road!/


6 posted on 02/10/2012 10:57:29 AM PST by LC Gladiator (Barack Obama is a malevolent Marxist cockroach and a foul festering pustule on the hide of America.)
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To: VA Voter

The past few months have been even more grim than usual for the immediate pre- and post-Christmas period for some contractors of my acquaintance. Roofers are still getting work, but calls for discretionary projects like new flooring and interior painting are way down.


7 posted on 02/10/2012 11:00:18 AM PST by jiggyboy (Ten percent of poll respondents are either lying or insane)
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To: VA Voter
This is a perfect example of the elasticity of demand. As price increases, demand decreases.

Demand curves are rarely linear. They can have ceilings and floors representing the demand where price is zero or arbitrarily high.

Garde la Foi, mes amis! Nous nous sommes les sauveurs de la République! Maintenant et Toujours!
(Keep the Faith, my friends! We are the saviors of the Republic! Now and Forever!)

LonePalm, le Républicain du verre cassé (The Broken Glass Republican)

8 posted on 02/10/2012 11:01:36 AM PST by LonePalm (Commander and Chef)
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To: VA Voter

Interesting. Gasoline consumption has dropped off the charts as has dry shipping. All this seems in direct opposition to government/media reports.


9 posted on 02/10/2012 11:01:59 AM PST by Obadiah (Why do they put Braille dots on the keypad of the drive-up ATMs?)
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To: VA Voter

Because we’re all driving our new Volts? /sarc


10 posted on 02/10/2012 11:05:24 AM PST by bigbob
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To: C. Edmund Wright

A better question along the same lines is why did all global commodities soar and stay up there?

I believe it is the Obama risk factor.

Everyone has discounted and moving to their expectations of a lousy presidency.


11 posted on 02/10/2012 11:06:37 AM PST by himno hero (Obamas theme...Death to America...The crusaders will pay!)
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To: C. Edmund Wright
However, I would suspect that July driving is ALWAYS much higher than November in normal times. Vacations, more later in the day activites, etc.

Yep, if you look at a chart of several years of US gasoline consumption, you get a distinct annual peak-and-valley look, with the peak in summer and the valley in winer, and the oddball being the massive dropoff due to $4+/gallon gas in 2008.

This analysis would have a lot more meaning if it compared December 2010 to December 2011. But in Googling the basic concept, you can see that December 2011 gasoline consumption was the lowest in 15 years, so something is afoot. But this story gives us no working idea of the scope of such.

12 posted on 02/10/2012 11:07:21 AM PST by dirtboy
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To: VA Voter

$3.55/gal


13 posted on 02/10/2012 11:07:46 AM PST by The Wizard (Madam President is my President now, and in the future)
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To: LC Gladiator

It might be just me but paying $3.79 for a gallon this morning, well my driving has decreased. Waiting for my neighbor to pay me the $10 dollars I loaned her from Monday so she could get to work. I plan to tell her to keep it but only if she offers to pay it back. n/s


14 posted on 02/10/2012 11:08:28 AM PST by cameraeye (A happy kaffir!)
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To: VA Voter

Why is price currently going up, diesel fuel will hit $4.50 a gal by mid march.


15 posted on 02/10/2012 11:08:44 AM PST by org.whodat (Sorry bill, I should never have made all those jokes about you and Lewinsky, have fun.)
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To: VA Voter

Uh, will this be on the test?

But seriously...gas now approaching $4 again despite the deplorable economy. One shudders to think what the price would be with any economic growth to speak of.

I’m not rooting for $5 gas but it would demonstrate the absolute insanity and inaction of Obama’s Middle East policies. We have been waiting decades for some of these oil-rich strongmen to be deposed and their own people have done the job for us. Do we attempt to foster a new era of relations (at best) or install puppets (at worst)? No, we allow more bloodthirsty savages to institute mob rule under real theocracies, not the kind liberals claim exists in the US. In short, the demand figures mask an even longer-term problem in terms of geopolitics.


16 posted on 02/10/2012 11:10:00 AM PST by relictele (Green energy is neither)
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To: Bronzewound
Also, 11% fewer people driving to work.


17 posted on 02/10/2012 11:12:25 AM PST by Tatze (I reject your reality and substitute my own!)
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To: VA Voter

not as many going to work, oh wait the unemployment is down, ARF, yes and millions have dropped out of the work force, been forced into early retirement , etc

Gas was less then $2 when Bush left now it is nearly 3 and a half or over but the MSM does not seem to want to think a that as news worthy but did when BUSH WAS IN


18 posted on 02/10/2012 11:13:29 AM PST by manc (FOX, DRUDGE, HAS BEEN DISGUSTING IN THEIR BIASED ATTACKS V NEWT. I HATE OUR BIASED LIBERAL MEDIA.)
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To: VA Voter

One thing we know, the effect of newer high mileage cars is small because the AVERAGE car on the road now in the US is 10.8 years old, an all time high.

I’ve been watching the fuel consumption stats with great interest since Tim Wallace started sending in charts to Shedlock a couple months ago.

If this means what I think it does, Baraq is a guaranteed loser come Nov 2012.


19 posted on 02/10/2012 11:15:53 AM PST by nascarnation (DEFEAT BARAQ 2012 DEPORT BARAQ 2013)
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To: VA Voter

The economy just can’t handle $100 oil and $4/gal fuel.

$50-70 is where the economy can recover while still allowing oil development.


20 posted on 02/10/2012 11:16:43 AM PST by B Knotts (Just another Tenther)
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