In the latest edition of the Numbers Report, we will take a look at some of the most interesting figures put out this week in the energy and metals sectors. Each week we’ll dig into some data and provide a bit of explanation on what drives the numbers.Let’s take a look.1. US Gasoline Falls Below $4/Gallon Again- The average retail price of gasoline in the US fell below $4 per gallon on Thursday for the first time since March, losing more than $1/USG from its June peak of $5.02/USG.
– With crude oil prices dropping below $100 per barrel on the back of recessionary fears, the pressure on gasoline has eased as summer driving season is gradually nearing its end.
– According to EIA data, gasoline demand in the country fell by more than 6% year-on-year in July, with the four-week average of 8.59 million b/d being even weaker than COVID-stricken 2020 levels.
– Flat…
Clean Energy Stocks Are Shining
