Compare this to the new
Ceridian index. We got an uptick in Ceridian without an uptick in oil imports. This is good news, and likely the reason we have held onto $90/barrel for a day or so.
We are more energy efficient. I bet a look underneath shows 1) Consumers driving a little less per income dollar and 2) More freight rail for long hauls leaves more trucking diesel for local distribution. 3) More use of local natural gas These likely reducing Energy/GDP, the energy cost of one unit of GDP.
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