Filter by Categories
Watch Series
The Great Game
Daily Post
Steno Signals
Free sample
Emerging Markets
Video

Something for your Espresso: USD liquidity and fuel demand

The weekly EIA numbers keep surprising with extremely strong energy demand, while USD liquidity is about to soar further. Interesting cocktail, which is not necessarily disinflationary in the US in 2024.
2023-12-29

Morning from Europe!

This will be the final “Something for your Espresso” of 2023. Our best wishes for the year ahead to all of you!

The weekly EIA numbers once again explode to the upside. The data showed a new all-time-high in the Gasoline demand in Week 51 (in SA terms) and the actual congestion (roads, air and sea) is up almost 15% versus a year ago.

Where is the weak demand that everybody blames for lower energy prices?

Chart 1: A new all time high in the gasoline demand?

The weekly EIA numbers keep surprising with extremely strong energy demand, while USD liquidity is about to soar further. Interesting cocktail, which is not necessarily disinflationary in the US in 2024.

To read the full article, sign up for a 14-day FREE trial of the Premium plan.

0 Comments