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New Mexico | while consumer driving ( miles driven ) has dropped weekly for 8 weeks strait.
Perhaps not the best product market timing diametric to SCARE the consumer out with the summer driving season coming on.
Ran into several people from the E Coast who were out W this winter, and they were all burned bad on their expected travel expenses ( ALL due to gas prices Ups ).
Yep, they had to pay up alot more to get home...but it was the best oil advertizing there is for gas that is way high.
Folks simply tell all their friends that the system is NOT to be trusted as far as gas prices.
Most everyone decides those farther out vacations suck from an expense stand, thus simply drive 100 to 150 miles to the more near vacation ( or vacation at home ) vs driving 500 to 1,500 ( most the folks I met were averaged 1,400 miles from home btw ) miles out.
Grilling season in the usa has not started yet ( late spring, crumby weather, basically a "crapola" type econ for most common folks).
Should be a RECORD grill season summer in the usa though ( pent up demand ).
Oilies gonna just keep on sending us ALL their darn money in 011.
Common folks using that on Thee GOOD things...like hotdogs, hamburgers, steaks, grills and grill briquettes etc., etc..
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Demand destruction has now started in earnest
