Gasoline Consumption Fails to Rebound

Although incredibly low gas prices continues to be the energy story, gasoline consumption continues to tank.

U.S. Finished Motor Gasoline Product Supplied (Thousand Barrels per Day) Third week of November
11/21/2008 - 8,976
11/18/2007 - 9,142
11/20/2003 - 9,067
11/15/2002 - 8,911

Percent decrease 2008 from 2007 -1.8%

When gas prices went through the roof in June gas consumption dipped to 2005-2006 levels, now we are looking at 2002-2003 gas consumption levels.