Commodidex

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{{tag>trading_and_analysis dynamics}}

====== Seasonality ======

US gasoline use averaged 600,000 barrels a day — or 6% — below 2019 levels during the driving season, which runs from late May’s Memorial Day to Labor Day at the start of September.

And we can’t pin the blame for lower consumption on more people heading overseas for their holidays. US jet fuel demand also lags behind pre-Covid levels, down 9% from 2019’s summer average.

Fueling up typically becomes cheaper in the winter months when people drive less. [(:ref:fisher_investments_energy)] 

Otherwise, the downturn in demand, typical for winter months,
continues to weigh on the market.

===== WTI =====

Im langfristigen saisonalen Vergleich gehört der Zeitraum von Mitte Oktober bis Anfang/Mitte Dezember statistisch gesehen zu den eher schlechten Performern. In den vergangenen 20 Jahren sind bei der Kursentwicklung des Rohöls in diesem Zeitraum überwiegend Kursverluste zu beobachten. Selbst in "guten" Zeiten war der Zuwachs weit geringer, als das Minus in "schlechten" Jahren.((https://archive.ph/G6Q6t#selection-407.0-296.62))