Winter is coming (hah!) which will mean more heating. That could well have been priced in already, but probably not all of it. Two potentially counteracting forces make it hard to predict what might happen. Also, -if- you’re going to travel you want to do it with your own car and not with public transport so there is a story where gasoline use actually increases. Finally, aren’t oil prices mostly supply driven?
Winter is coming (hah!) which will mean more heating. That could well have been priced in already, but probably not all of it. Two potentially counteracting forces make it hard to predict what might happen. Also, -if- you’re going to travel you want to do it with your own car and not with public transport so there is a story where gasoline use actually increases. Finally, aren’t oil prices mostly supply driven?
Why not?