Back in 2005, the appetite of the world's biggest oil consumer was growing at a 1% rate in the first eight months of year, compared with a year earlier. This year, demand dropped 4.2% through August from the pace of the first eight months of 2007. Full Story »
Posted by Mike LaBonte
This has some of the same facts as "Oil output losses worse than feared", but it's conclusion has the opposite spin.
All I can say is that very many gas stations around the north side of Atlanta are closed or without gas. Gas lines are up to one mile long. Any station that is open with gas has a line. Only about 1 of every 10 stations has gas in the 40 square mile region that I drove through in the last week. My conclusion, gas sales are down because people can't buy it, at least near here. One person, I know, and his son got tickets for jaywalking because they were pushing their car in the street on the way to the pump. What is very real to the people near here seems to get no national press.
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