President Biden recently boasted on Twitter that gasoline prices in the United States have been falling for 50 days straight, noting this was the fastest decline in a decade. The president added a sort of infographic to his tweet informing us that 50 percent of gas stations sold gasoline for $3.99 or less a gallon.
What he forgot to mention was that demand for gasoline has been behaving very unnaturally for this time of year. Standard Chartered this week released a commodity alert that said that this year, driving season in the U.S. never…What’s Really Happening With Gasoline Demand?
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