Gasoline Updates

I have periodically put up this chart of gasoline supplies in the U.S.:

As you can see from the latest chart, supplies are finally increasing, which is normal for this time of year. However, what's interesting is how low the inventory is, and that much of the increase in inventory is due to gasoline imports. It's bad enough that we import oil, but now we also are importing gasoline like crazy. Talk about gasoline gluttons.

I would look for gasoline prices to become flat for awhile, barring some international disaster or hurricane.