lj: gasoline demand
Now that is very interesting. This statement, though, I find ridiculous, typical EV propaganda: "while others say it highlights a growing share of renewable fuels replacing conventional fossil fuels." My guess is that two factors are responsible: (1) people are driving less due to the high price of gasoline and (2) the rainy weather, especially on weekends, resulted in less driving. Last Sunday, here, I noticed that almost no one bothered to come out of their house--it was wet and cold. So far, May here has been unseasonably cold, but not cold enough for most people to turn on their heat.
That being said, I am tempted to unload my remaining shares of VLO.
It will be interesting to see whether refiners sell off today in a big way (Thursday).
