What’s Really Happening With Gasoline Demand? ...Middle East

President Biden recently boasted on Twitter that gasoline prices in the United States have been falling for 50 days straight, noting this was the fastest decline in a decade.  The president added a sort of infographic to his tweet informing us that 50 percent of gas stations sold gasoline for $3.99 or less a gallon. What he forgot to mention was that demand for gasoline has been behaving very unnaturally for this time of year. Standard Chartered this week released a commodity alert that said that this year, driving season in the U.S. never…

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