October 19, 2005

STRIKE WHILE DEMAND IS COOLING:

Gasoline demand sees biggest fall in decade: API (Myra P. Saefong, Oct. 19, 2005, MarketWatch)

U.S. gasoline deliveries, a key measure of demand, fell almost 4% in September to log their biggest year-to-year decline in more than a decade, the American Petroleum Institute reported Wednesday morning.

"Motorists apparently found ways to manage fuel use and travel more efficiently in the face of higher September gasoline prices following Hurricanes Katrina and Rita striking along the U.S. Gulf Cost," the API said in a monthly report.


Unfortunately, unless we raise taxes significantly it's not likely to last long. Anecdotal evidence is always dubious but I paid 20 cents a gallon less last night than on Sunday.

Posted by Orrin Judd at October 19, 2005 2:31 PM
Comments

OJ: Why? When you could have sent the additional .20/gallon to the County Tax Assessor's office -- talk about missed opportunity!

Posted by: John Resnick at October 19, 2005 4:26 PM

He's tired of driving me home.

Posted by: oj at October 19, 2005 4:32 PM

Great opportunity to let the market to continue to work to reduce our petro-habit by keeping the price up.

Posted by: Genecis at October 19, 2005 6:46 PM
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