“Davidson” submits:
Will update this detailed chart with this week’s EIA report. Gasoline Inv normally falls and Refinery Inputs rise sharply to meet summer demand but COVID-19 shutdown caused a sharp rise in Gasoline Inv and a collapse in Refinery Inputs forcing $WTI below $20/BBL. Last 3wks of data indicates Gasoline Inv have topped and beginning the seasonal drop once again as the industry made rapid adjustments. Refinery Inputs have turned higher again following the seasonal demand.
Good signs that economic activity after a short period of collapse is righting itself even before the ‘get back to work’ order has been given.
