regional supplies sank to the lowest level in a decade, raising the risk of shortages.
supplies are near an all-time low in records going back to 1993
Commenting on the recent absurd gasoline demand reports, Rabobank's Michael Every wrote the following: You could hear the champagne corks fly wherever you were yesterday. After all, there was "zero US inflation" in July, as some put it. And that came after zero US recession, as some also put it, despite two consecutive quarters of negative GDP growth. And after a red-hot labour market report.