$2.84/bbl drop in crude today while distillate fell $0.0833/gal and gasoline was down $0.0912/gal. Three days of crude decreases and two days for product falling lower. Talk of the dollar's direction overlooks continued demand deterioration. 3% decrease week to week is significant and all the talk of the dollar and the economy diverts attention from the fundamental problem facing the refiners and marketers: how do you profitably replace lost demand?
Street prices fell over the weekend by 3 cents.
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