One, strengthen our balance sheet to improve our ability to navigate these market conditions. This includes internal cost-cutting initiatives and reduced hiring. Focus also includes focusing our capital spend on projects that are in flight and those critical to safe reliable operations.

Oct 29, 2024 / receipt, needs a key / Dave Lamp, CEO | earnings call 2024-10-29 | transcript e86fb0fc-564a-4e93-bd4b-7ff70e46f07d | chars 14978-15265 | segment 15

We're starting to see some demand destruction as a result of increased prices, particularly for gasoline, with U.S. vehicle miles traveled turned negative in April and May compared to the same periods in 19.

Aug 2, 2022 / receipt, needs a key / Dave Lant, CEO | earnings call 2022-08-02 | transcript b675a0e0-4060-459e-9920-5891c9825def | chars 14092-14299 | segment 13

Gasoline inventories in the U.S. are currently 4% below five-year averages, and diesel inventories are 20% below five-year averages. Meanwhile, demand for gasoline and diesel is back to pre-COVID levels, and demand for jet is within 15% of pre-COVID levels. Vehicle miles traveled in December of 2021 even surpassed levels during the same month in 2019.

Feb 22, 2022 / receipt, needs a key / Dave Lamp, CEO | earnings call 2022-02-22 | transcript c77b02ae-958e-4115-8158-6557e1e27738 | chars 16767-17120 | segment 16