Daily Energy Report

Daily Energy Report

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Daily Energy Report
Daily Energy Report
Daily Energy Report

Daily Energy Report

US miles traveled, Exxon-Pioneer merger talk, Aramco to offer LNG, Trans Mountain on schedule, Russia lifts diesel ban, Australia LNG labor strike..again, Asia LNG trading high, and more.

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A F Alhajji
Oct 06, 2023
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Daily Energy Report
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Chart of the Day: Miles Traveled Increased in August, but the increase was lower than the previous August months.

Summary

The US Federal Highway Administration released August’s traffic data this morning. It shows that miles traveled increased by 0.38% in August over that of July and increased 2.4% year-over-year. Both percentages are low by historical standards.

Figure (1) above shows the trends and the relationship between miles traveled and gasoline consumption in the US.

EOA’s Main Takeaway

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