Large-scale Gasoline Demand Destruction Hits Sky-High Prices in Peak Driving Season: Gasoline Consumption Drops to July 1999 Level by Wolf Richter • Jul 14, 2022 • 189 Comments Some demand destruction is behavioral and may bounce back; some is structural, growing, and long term: The decline of an industry.
As Gasoline Prices Spike, Demand Destruction Spreads, with Long-Term Implications by Wolf Richter • Jun 16, 2022 • 308 Comments Wait… gasoline exports are rising.
Wondering Why the Price of Natural Gas is Suddenly so Damn High? The Booming US LNG Export Industry by Wolf Richter • Jun 7, 2022 • 108 Comments US natural gas prices tripled from the 10-year average, now linked to global prices, with 7 LNG export terminals now operating and 15 more approved.
Gasoline Spikes to Nearly $5 US Average, Diesel to $5.70. Crude Oil WTI Jumps to $119. Inflation Not in the Mood of Peaking Yet by Wolf Richter • Jun 6, 2022 • 207 Comments San Francisco regular hit $6.34 on average; at Wolf’s gas station from heck, it hit $6.79, premium at $7.00.
Demand Destruction Hits Gasoline (But Only a Little) as Prices Spike in Historic Leap Just for Summer Driving Season by Wolf Richter • May 26, 2022 • 139 Comments I see gasoline prices rising further despite this modest short-term & long-term demand destruction.
US Natural Gas Futures Spiked to Highest since 2008, Tripled in a Year: Why We Kissed that Dirt-Cheap Natural Gas Goodbye by Wolf Richter • May 25, 2022 • 151 Comments The boom in natural gas exports creates massive demand on US production and connects US prices to the rest of the world.
Gasoline Spikes to Record $4.49, Just in Time for Summer Driving Season. Crude Oil Jumps. Not going to Help CPI in May by Wolf Richter • May 16, 2022 • 194 Comments Make that $6.55 for regular at my San Francisco gas station from heck.
Gasoline & Diesel Prices Spike to New WTF Records, But Don’t Blame Crude Oil by Wolf Richter • May 9, 2022 • 177 Comments Predictions a few weeks ago of peak gasoline prices have been obviated by the inflationary mindset.
Diesel Spikes to WTF Record $5.51, Gasoline Jumps to $4.18 by Wolf Richter • May 2, 2022 • 165 Comments But wait a minute… crude oil futures are far below a record.
Has Gasoline Price Shock Triggered Demand Destruction Yet? And Where Will Gasoline Prices Go from Here? by Wolf Richter • Apr 17, 2022 • 172 Comments There’s some demand destruction. But oil bounced again already. Gasoline might be next. My guess is a long-drawn-out zigzag higher.
