Ray Washburne 5.0 2 ideas

U.S. fuel demand has surprisingly not decreased and has even ticked up slightly, supported by stable domestic supply (20-21 days in terminals, refineries at 92% capacity), and the U.S. is energy independent, making it resilient to global shocks. Gas prices have kept pace with inflation historically, and improved vehicle mileage reduces consumer sensitivity.

Europe is vulnerable to diesel supply shocks because 80% of its diesel goes through the Strait, and with jet fuel issues in Asia causing ripple effects, Europe could be the next area to face significant disruptions if the situation extends, posing risks to its energy market.