Housing starts are falling and industrial output is dropping and this leads analysts to the conclusion that the economy is not doing well and thus demand will not be rising any time soon. This is most obvious in the gasoline markets as gasoline is now 46¢ lower than a week ago when it stood at $3.3785. Even the dollar's fall during the day could not raise crude's price as stagnant gasoline demand would seem to dictate lower prices. The direction of the market now depends on tomorrow's publication of last week's inventory report.
Today, WTI-44¢, $96.91; Brent-88¢, $109.99; RBOB-2.3¢, $2.9113; HO-2.88¢, $2.8451.
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