Hello and happy Monday everyone!
Hope your Christmas and New Years were excellent!
Now, onto the bad news. We’ve been seeing demand recover since
Katrina and inventories dropping. They are now well below what they
were last year at this time. This has caused the recent run up in
The only good factor is the warmer weather… but with warmer
weather, people drive more.
Gasoline inventories have been hurting, and nothing seems to help.
Refineries are NOT utilizing capacity (Oil companies trying to
control prices?) So I am thinking we’ll see a rise this week.
2.43 to 2.49 with an isolated 2.50 possible.
Fill up very soon! We’re likely to see this rise either tomorrow
(Tues) or Thurs!