We're seeing a lot of profit-taking in products - heating oil and gasoline - ahead of the weekend.
Refineries are squeezing out every gallon of gasoline possible, and they?re doing a good job of it. The problem is, it?s coming at the expense of the other products like heating oil.
You are going to see gasoline prices higher than you saw with Katrina, ... Enjoy the prices that you have while you can.
The strength in gasoline is supporting crude oil. It is a little early to be concerned about gasoline, but supplies have continued to trail year-ago levels week after week. Supplies are tight even with the high production rate and imports.
You're not going to fall down dramatically overnight - gasoline prices will start heading back down in a couple of weeks.