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Slowest day since July 4 yesterday :(

(and that was an aberration. Slowest “normal” day since early June.)

Unfortunately with the holidays over, and less leisure travel at the beginning of the year - this is going to be pretty normal for the time being (until business travel starts picking up). Say what you want about the virus, but companies are really not traveling right now, especially now that a lot of firms are starting to see a light at the end of the tunnel.

The good news, is we have a few friends who are consultants at the big4, and they do expect to start traveling in 2H. There are going to be a lot of restructures to advise!

I think the real thing we should be tracking now is the number of vaccines administered - anything to get case quantity out of the news cycle.

It is 25% of last year (compared to the same day of the week a year ago). So when compared to a similar period a year ago whether it is a busy travel holiday or not is irrelevant. Decrease in business travel has been known for a while now. The 25% is bad news no matter which way you look at it.

Combination of surging covid and imminent vaccine availability... many folks are just putting off travel for a while until they get the vaccine (or until everyone ELSE gets the vaccine :rolleyes: )

It has very little to do with Covid now. People are educated enough to see what is coming from the new administration. Hunkering down, saving money, preparing for the extreme spike in energy prices, massive tax increases. People are not only afraid to fly because of Covid, but they are wise to recognize the very dark, dismal, suppressing times that are ahead. We are at the cusp of a major collapse. Europe has always been a precursor of what's yet to come. Take Germany for example:

https://simpleflying.com/germany-may...ll-air-travel/

This is the same ideology that just took over at the helm here in the US. “The danger from the numerous virus mutations forces us to consider drastic measures. That includes significantly stricter border checks, especially at the borders of high-risk areas, but also reducing air travel to Germany to almost zero, as Israel is currently doing.”

You do realize that energy prices are tied to market outlooks, right? And if the economy were collapsing energy prices would necessarily decrease as demand cratered, correct?

Same thing was said when we were steady in the mid 30s and why it wasn't rising. Sorry, but this one just hits different.

It's not that simple. During the recession of the 00s (Which many consider the worst recession since pre WWII) gas prices were the highest they ever were, even when adjusted for inflation.

with only 6.6% of the US population having been vaccinated for COVID AT ALL and 1.1% having gotten the two shot series that may be a nontrivial wait.

Do you have a link to an article? Or chart? I remember prices popping with the rest of the bubbles in late 2008.
Prices were high at the pump in 2010 and 2011, but that was after the recession was officially over.
In the current situation we have an over supply in fuel which threatens to shut down already dug wells. The industry needs more consumption, not exploration.
I get a kick out of Americans talking about American energy independence via oil from Al Berta.