8/28/2003

Gasoline prices eased about six cents per gallon in the distant months, all months are under a dollar. It looks like the retail price will drop from here. The cash dropped .05 but is still over a dollar. There is still the mild threat of a short squeeze but I don't think it will affect retail prices. Meantime the numbers from the API/DOE came in about as expected, the refinery shutdowns in the east affecting gasoline stocks. The refineries have been operating full bore since they went back on line which is good for the east coast.

No comments: