I dont think demand is up 32%, supply is down which is driving proce increases and shortages.
Demand is spiked by rumors of shortage.
If half the local vehicle fleet goes from 50% full to topped off, that’s a lot of fuel pumped in a short time.
“I dont think demand is up 32%, supply is down....”
If demand goes up and resupply in interrupted then it follows that supply on hand is diminished. Diminished supply along with increased demand is a text book case for a price increase.
The immutable law of supply/demand visits us once again.
“I dont think demand is up 32%”
Demand?
Sales would be a more easily obtained bit [Byte? Bite?] of data.
Demand is up - here in NC, the local media started showing any picture of a pump that was out on Tuesday morning, over and over again. They drove the panic buying - I imagine they are high fiving each other over their influence on behavior.