High Gas Prices Hit Demand as Drivers Cut Back at the Pump

"American drivers are starting to buy less gasoline as they feel the economic burden of record prices that continue to hover near $5 a gallon.

In the first full week of June, gasoline sales at U.S. stations were down about 8.2% compared with the same week last year—the 14th consecutive week that sales have lagged behind 2021 levels, according to surveys by energy-data provider OPIS." (WSJ, June 2022).

FYI

1. The title should read, "Quantity Demanded", not "Demand".
2. I think that "gasoline sales" refers to gallons sold, not sales revenue.

It’s time for data-first diversity, equity, and inclusion

"I estimated that Black men earn 39.4% less than white men and Black women earn 13.1% less than white women. Yet, accounting for one variable–educational achievement in their teenage years––reduced that difference to 10.9% (a 72% reduction) for men and revealed that Black women earn 12.7 percent more than white women, on average. Derek Neal, an economist at the University of Chicago, and William Johnson were among the first to make this point in 1996: “While our results do provide some evidence for current labor market discrimination, skills gaps play such a large role that we believe future research should focus on the obstacles Black children face in acquiring productive skill.”

Carbon-Removal Industry Draws Billions to Fight Climate Change

Which is better, to reduce carbon emitted or to remove carbon after emission? (WSJ, June 2022) 

Deloitte Explores Splitting Auditing, Consulting Arms, Following Ernst & Young

Is EY experiencing diseconomies of scope? Trying to avoid conflicts of interests? (WSJ, June 2022) 

Kellogg to Separate Into Three Businesses

Is Kellogg experiencing diseconomies of scope? (WSJ, June 2022)