Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

Annual Gasoline Usage in Millions of Barrels

IMG Auteur
Published : January 23rd, 2013
358 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
FOLLOW : Lead
Category : Opinions and Analysis

Inquiring minds are once again taking a look at annual gasoline sales in the United States. Reader Tim Wallace provides the following chart for discussion.



click on chart for sharper image

Data is from the US Energy Information Administration (EIA) Weekly Petroleum Report.

Tim writes ...

Hello Mish

Data for the chart is taken from the weekly reports I like to use, and its trend is accurate.

The current downturn happened back in 2007 in gasoline, and it is one of the things I saw that got me out of the market. I cannot see an improved economy from these numbers, and the numbers also cannot be explained by "higher mileage" vehicles - the impact would be some, but not as major as we see here, with usage numbers now back to 2001 levels.

The drops in the past two years can only be explained by less driving, which also would mean less wear and tear on the roads and therefore less spending.

Interestingly, I have seen a lot of repaving of roads that are perfectly serviceable. So why pave them?

And talking about paying for things that you use ... You and I both know that the highways North of the Mason-Dixon line eat up much more tax dollars as the weather in winter tears them apart. Therefore y'all up there should have a much higher fee than those in the South here who use much less of the federal spending pie!

Just sayin'!

Tim
Hi Tim. Thanks for reminding those of us in the great state of Illinois that we should be paying even more for our services! I am sure governor Pat Quinn would be more than happy to oblige overpaid unions by hiking our taxes more.

Kidding aside, Tim was referring to my post ObamaMiles Tax Coming Soon; Transportation "Trust Fund" Broke; Scheme to Boost Taxes 250%; Mindless Possibilities

Readers may also wish to consider European Car Demand Near 20-Year Low; Peugeot Workers Shut Down French Plant; GM Loses Global Car Sales Lead to Toyota Once Again

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com

"Wine Country" Economic Conference Hosted By Mish
Click on Image to Learn More


Companies Mentionned : Gm | Petroleum & Resources | Us Energy |
<< Previous article
Rate :Average :0 (0 vote)
>> Next article
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Evolution of YouTube: Will it Su...
17:23prljr
It all depends on how much control the j-mafia will buy into like any other enterprise that can be purchased. Makes it easier if you can print your...
North Korea Threatens White Hous...
17:19prljr
The president said the hack on the Hollywood studio was not an act of war but was “very costly”, To whom is it costly? Not having t...
Lessons Learned from the Suisse ...
16:47sneezy67
Hello Switzerland....goodbye Switzerland :: Hello USA...goodbye USA :: Hello financial elite...you have had your way for 100's of years...kiss my ...
Sick Market Moves While Gold Rem...
16:27sneezy67
Oh..... the agony and many pains it must be as a financial analyst (prognosticator ?)
Chinese Copper Elephant
21 Decovertheedge
If some of the central African countries, such as Nigeria, get their politico-economic acts together, then increased demand for base metals, especi...
41 Facts about Central Banks no ...
20 Decprljr
Common sense and logic dictate that if this was taught in schools it would not exist as it has these past 100 yrs. The monetary system is a CON a L...
41 Facts about Central Banks no ...
19 Decsamking73
I'm not sure that much was taught about the central banking system back when I was in school...25 + years ago. At least not the important parts.
Gold & Silver Market Morning
19 Decend
If you trade XAU/RUB and have bought XAU using RUB, you should have closed your position as he advised. Then you should have switched, buying gold ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS
Comments closed
Subscribe to 24hGold’s daily market briefing
  • Prices and data of precious metals in 119 currencies and world mining companies
  • Daily analysis of the economy, markets and more
  • Free, daily and indispensable
Stay informed, subscribe now !
* Your email will never be shared.