Lundberg Letter - March 12, 2015: 2014 a Recovery, 2015 a Boom?
COMPONENTS OF SURGING GASOLINE DEMAND
This year will mark the third consecutive year of gasoline
demand growth. Due in part (but only in part) to lower retail
gasoline prices, U.S. gasoline demand grew a nice 1% last year
and this year that rate may be doubled. Herein we peer into the
schematics of demand growth, and blow up a few myths along the
way. One: that retiring baby-boomers will leave empty roads in their wake.
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