Despite the obvious reason for the decline in imports, traders drove the price of crude up yet again. Demand continues lower than last year and last week's demand dropped even from the previous week. However, inventory rose less only because imports dropped but yet this news is seen as increased demand. The great hope for increased demand continues and crude and products all rose.
Today, crude +$1.04 to $82.77, gasoline +2.83 cents to $2.308, distillate +2.36 cents at $2.1377. Street price for gasoline steady at $2.559.
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