Aug
19
Oil Prices Are Down. Nobody Told the Gas Pumps
ByThe high prices people are paying for gasoline will eventually squeeze demand for oil.
Oil’s popularity isn’t what it used to be.
It’s not just a looming global trade war. As I’ve written, not only will tariffs and retaliatory measures stifle the activity that normally stokes consumption, they’ll squeeze economies everywhere. That’s a good way to stifle demand.