Gasoline

When a fellow's mind turns to the gasoline market, he clicks on This Week In Petroleum. That fine Energy Information Administration publication has a section just for it. There you'll see charts like the stocks and prices charts above, as well as the two below.

In short: prices are high, demand is high, and production is high. Even storage is now average-to-high after dipping near the low end of its average band a couple months ago. If any of those gives, prices could move in a hurry, and in either direction.

FD: small short position in one US refiner, and thinking about crack spreads