From Mish's Global Economic Trend Analysis:
Petroleum 3-Month Rolling Average Turns Sharply Lower; Negative Shipping Rates; Collapse in Global Trade
On February 6, I noted (with huge thanks to reader Tim Wallace) a Huge Plunge In Petroleum and Gasoline Usage....MORE
Tim used weekly numbers, which show, much week-to-week volatility. Instead, I proposed using rolling three-month averages, compared to the same three months in prior years.
Today I received some updated charts that are much easier to see precisely what is happening.
Gasoline Usage Last Three Months vs. Last Three Months Prior Years
click on any chart for sharper image
Gasoline Usage by Quarter Ending December 2011