this doesn’t look like the stuff of recession:

FUNDAMENTALS TO SUPPORT

Barclays Capital said gasoline demand indications from the U.S., the world’s largest consumer, have been robust.

“Gasoline is showing the strongest year-on-year growth in demand for January-to-date,” it said in a research note.

“In each of the past six years, February has marked the start of a run of six months of consecutive month-on-month gasoline demand increases, and we have no reason to expect 2008 to break that pattern.”

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