Auto Sales > Gasoline Demand

Yeah, not for long though.  A few ways to think about the huge auto sales that have topped 16M 3/mos in a row for the first time in 7 years.  Number one, there’s a lot more cars on the road and no matter what kind of fuel efficiency they get, they need to buy more gasoline.  Number two, people are buying cars because they need the transportation.  That probably means they have a new job, making more money at their current job or feel like they have enough disposable income to buy more cars.  And number three?  Coscto Effect.