October 28, 2009

Crude dropped $2.34, gasoline fell 8.4 cents, distillate decreased 5.75 cents after gasoline supplies rose 1.62 million barrels and crude supplies grew 800,000 barrels. Distillate is following seasonal inventory trends and increased but followed crude and gasoline futures prices up. Capacity was up 0.7% and gasoline production was 4.5% higher. This inventory and demand trend is what is worrisome to analysts and traders and begins to dampen the movement towards higher prices.