You're telling me the demand for gas went up during the time period when people were mandated to stay home? That doesn't make any sense.
No, I am not.
Demand (and prices) went down in March 2020, but had significantly risen in line with increased economic activity by February 2022.
Consequently, it shouldn't be surprising that there was a large price increase over the period bookended by those months.
Re:Energy vs. Sovereign Bond Markets
by quickthrower2 on Monday October 10, 2022 @06:51PM
(#33157345)
I am not in the US, but I was very much at home in March 2020, homeschooling kids, and very much out and about in Feb 2022, taking them to birthday parties. I am in the "lockdown king" country of Australia, maybe only second to New Zealand in the zealousness of lockdowns.
The months you selected are pretty much peak lockdown vs peak recovery, and are a reflection of demand for gas, not an oracle of some deep economic truth. Franky, I'm surprised the gas price difference is so small, considering the US economy shut down in March of 2020.