Daily Archives: September 15, 2005

SENSITIVITY TRAINING

Joe Sixpack’s sensitive to fuel prices after all. Or so one could argue given the latest batch of gasoline data from the Energy Information Administration. The most-recent weekly average for demand, through September 9, fell to 8.636 million barrels of gasoline a day. That’s down more than 4% from 9.027 million b/d in the previous week. The drop’s even steeper from the 9.406 million b/d of two weeks ago. Is this a sign that higher prices have triggered a new era of conservation-minded Americans when it comes to fuel? Or is the recent data an anomaly and/or a cyclical glitch tied to the end of the traditional driving season?

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