"Refining companies just don't want any inventory right now because they are expecting lower demand," said Cordier. "We are definitely trading futures and people are expecting demand to continue to come down Full Story »
Posted by Paul Peete
The Special Report highlights soft demand for gasoline and the refiners adjustment to that by refining less gasoline. It inadvertantly informs the consumer of the power Oil companies have over us in that as oil prices fall on world markets by reducing refined output artificial fuel shortages can keep prices at the pump higher than they otherwise would be.
