Fuel demand falls

Posted on April 16, 2009 @ 10:25 am (Thursday) by WARREN MOSLER

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Largest year over year drop in a while after hovering around flat year over year.

Might be why Saudis decided to cut prices recently.

I’m looking for consumption to increase as GDP stabilizes and then return to positive territory as global automatic stabilizers and proactive fiscal policies add net financial assets.

Crude Oil Rises After Unexpected Decline in U.S. Jobless Claims

by Mark Shenk

April 16 (Bloomberg) — Daily fuel demand averaged over the past four weeks was 18.7 million barrels, down 5.2 percent from a year earlier, according to the department.

2009-04-16 USER

Posted on April 16, 2009 @ 10:07 am (Thursday) by WARREN MOSLER

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Housing Starts (Released 8:30 EST)
Building Permits (Released 8:30 EST)
Initial Jobless Claims (Released 8:30 EST)
Continuing Claims (Released 8:30 EST)
Jobless Claims ALLX (Released 8:30 EST)
Philadelphia Fed (Released 10:00 EST)
Philadelphia Fed TABLE 1 (Released 10:00 EST)
Philadelphia Fed TABLE 2 (Released 10:00 EST)

Housing Starts (Mar)

Survey	540K
Actual	510K
Prior	583K
Revised	572K

Building Permits (Mar)

Survey	549K
Actual	513K
Prior	547K
Revised	564K

Initial Jobless Claims (Apr 11)

Survey	660K
Actual	610K
Prior	654K
Revised	663K

Continuing Claims (Apr 4)

Survey	5893K
Actual	6022K
Prior	5840K
Revised	5850K

Jobless Claims ALLX (Apr 11)

Philadelphia Fed (Apr)

Survey	-32.0
Actual	-24.4
Prior	-35.0
Revised	n/a

Philadelphia Fed TABLE 1 (Apr)

Philadelphia Fed TABLE 2 (Apr)