We did it! Compared to this same time last year, the United States has saved the lives of over 1 million barrels (42,000,000 gal) of distillate fuel oil each and every day.
The last time the U.S. came anywhere near to this figure was in 2002, and demand has not been this low in any sustained way since the end of the 20th century. Yet we’re still churning it out like it’s going out of style, which, apparently, it is. Refinery inputs are still hanging around about where they’ve been all year, but distillate stocks are off the charts. Where are we going to put it all? The Man-Bunny Matrix is calling on all Americans with a swimming pool to include an off-the-hook diesel-burning party as part of your Independence Day celebration. Invite your unemployed trucker friends.
Anyone who was surprised by terrible economic news on Thursday wasn’t paying attention on Wednesday.
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