Retail Gasoline Deliveries, 1983 – Nov. 2011 Source: Energy Information Administration
Gasoline prices are headed higher, yet deliveries have fallen off a cliff. Is this a predictor of future economic activity? The current decline looks steeper than the 2009 decline during the heart of the recession.
Are gasoline deliveries related to employment data? Both curves began their steep decline in 2008.
The chart below is "unadjusted" employed.
