Quote:
Originally Posted by mulp
If people won't respond to price at less than $8 a gallon, why is demand for gasoline declining as indicated by reduced US gasoline consumption?
Why is demand up for high mileage cars and down for low mileage cars, trucks, and SUVs, if the price for gas needs to go to $8 a gallon to make people in the US change their behavior?
Why is public transportation use up along with car pooling if $8 a gallon gas is required for people to get out of their cars?
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Demand for gasoline has declined 1.1% from the 2007 demand. The same amount of decline experienced in each of the past three recessions. IT IS NOT A PRICE DRIVEN DECLINE. Look it up, Mulp.
Americans will buy gasoline with their grocery money, before they will stop driving.
Gasoline demand, Four Week Average.
o4-25-08 - 9.257 Mil. Barrels per day
05-02-08 - 9.263
05-09-08 - 9.265
05-11-07 - 9.293 Mil Barrels per day
This Week In Petroleum Gasoline Section
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Last edited by Teak; 05-19-2008 at 10:04 PM.
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