Gasoline Update

Here's the latest on gasoline inventories:

Inventories continue to improve but remain below average. Prices are (reportidly) falling across the nation although I'm not seeing that here in California. Ironically, the reason that gasoline inventories have improved is due to increased imports. Oil companies just can't seem to get those pesky refineries up to speed. Besides, who needs to with the nation not needing much gasoline due to ethanol production ..... right?

The stocks of crude oil inventory are up. In short, we have plenty of oil on hand but not the usual amount of gasoline.