September 29, 2009

NYMEX and Brent crudes hardly moved today from yesterday's close while distillate showed some seasonal activity by rising half a cent while gasoline dropped a quarter of a cent. Still lots of fear that tomorrow's release of inventory numbers are going to be further proof that demand is down and declining. Crack spreads are still ascending glacially and are now at $5.73. National price of gasoline is $2.478 but locally the best price is $2.089. $2.478 is the lowest level since July 4.