The destruction of Wolf Street’s demand comes in gasoline (but only slightly) as prices rise in a historic leap just for the summer driving season If Buffett still owns a snowflake this night, his $ 1.9 billion profit at most is now a $ 37 million loss. U.S. natural gas futures rose. at its highest level since 2008, it tripled in one year: why we kissed that cheap, cheap natural gas housing bubble Preparing to blow up: the unsold inventory of new homes increases the most since 2008, with 9 months of supply, collapse in sales at prices below $ 400,000 Snap returns to the already reduced target for a month, shares -30% out of hours, -81% from high, below the price of the IPO The average age of cars and trucks in operation rises to a record, as sales of new vehicles and miles traveled plummet.
I see gasoline prices rising even further despite this modest destruction of short- and long-term demand. From Wolf Richter to WOLF STREET. The price chaos that is taking place at the pump is causing some destruction of demand. We’ve been seeing clues. We are at the beginning of the driving season, but the demand for …