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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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To: ild who wrote (43439)10/13/2005 8:32:43 PM
From: CalculatedRisk  Read Replies (1) of 110194
 
I looked at the DOE data today: demand for gasoline is still below last year (bad for prices), but inventories are falling and below the normal range (good for prices).

tonto.eia.doe.gov

As you point out, there is progress being made on the refineries (but still a long way to go).

I see unleaded futures fell substantially today, and are now below the pre-Katrina levels! What I don't understand is why gasoline prices have dropped more than oil prices. That is interesting and seems counter intuitive.

Best Wishes.
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