US Gasoline Demand Not Down Like EIA Has Been Reporting
Our wonderful governmental agency, the EIA, have been reporting mostly big drops in gasoline demand in the US over the first quarter of this year except for a couple weeks of small percentage gains over a year ago.
Well, let's rely on real data: the refineres that operate retail stores and actually sell the stuff (for the first quarter):
1)Valero: Flat US sales compared to 2012
2)MPC: Up .7% compared to 2012
3)TSO: Up 1% compared to 2012
Lesson here is to not rely on governmental data and get it from the companies that actually sell the stuff.
My prediction is that gasoline sales will increase 1 to 2% compared to last year in the second quarter with the lower gasoline prices we have been having.