GAS PRICES ARE GOING UP, and Steve Hayward notes that it’s not because the economy is recovering, si…

GAS PRICES ARE GOING UP, and Steve Hayward notes that it’s not because the economy is recovering, since demand for gasoline is actually dropping. Shipping demand isn’t good either. Speaking of demand, I had dinner last night with a college friend who trades electricity, and he says he’s not seeing any sign of a recovery in his line of work — you’d expect a boost in electricity demand that he’s just not encountering. I wonder, if you were, say, an investor or a foreign intelligence service, what U.S. metrics would you look at to determine if the economy was really recovering, if you didn’t trust the official numbers?

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GAS PRICES ARE GOING UP, and Steve Hayward notes that it’s not because the economy is recovering, si…