Archive for March 14th, 2007


14
Mar

Wednesday Morning – Oil Inventory Day

What’s driving gasoline prices higher? RBOB is up $0.40 in the last two months. A confluence of three events are forming what the MSM habitually refers to as a perfect storm: low refinery utilization, low imports, and strong contra-seasonal demand. I prefer to think of gas prices as sitting on top of a three-legged stool. […]

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