US Gas consumption drops 2nd month in a row

http://www.reuters.com/article/marketsNews/idUSN1736453520080617

According to Mastercard
"U.S. retail gasoline demand year-to-date fell 1.96 percent from the same time last year as prices for the fuel rose above $4 per gallon, MasterCard Advisors said Tuesday.
'The regional year-over-year view shows all regions are consuming less gasoline when compared to a similar week in 2007," said Michael McNamara, vice president of MasterCard Advisors.'"

This is a 210K bpd drop. Couple this with increases in supply and likely drops in demand elsewhere, and we will see a 1M bpd gap again by Summer's end. Hence, we bought DUG.

"The four-week moving average for retail gasoline demand was also down 4.3 percent, the eighteenth consecutive week that it has shown a decrease"