Gasoline Demand Remains Robust

This post is a followup to This is Why Refiners Didn't Act Like Gasoline Demand was Weak Last Week, Even if Traders Did and Refiners Aren't Acting Like Gasoline Demand is Weak, Even if Traders Are.  US refinery run rates remain high and gasoline demand is very strong pouring some cold water on the popularly held notion that crude and petroleum demand is terrible.

psw01 2016-2-18

A year over year comparison of gasoline supplied clearly indicates 2016 demand is well above 2015.  Year to date gasoline supplied is up 3% over 2015.  This is especially significant given for the same period in 2015 was up 5.1% over 2014.

psw01 2016-1-13

Refinery inputs are up 3% over 2015 as is gasoline supplied.

psw01 2016-1-13

Overall petroleum supplied is tracking 2015 levels well.