I think that what we may be seeing is the realization that if crude is not the problem, then we can't justify prices at $60 a barrel.

This is the second week that imports dropped, which makes sense because we are choking on crude. We need another week of drops before I get too worried.

The drop in crude was a surprise and was a little supportive to prices, but the market was completely overwhelmed by the build in products. It's unusual at this time of year to see distillate fuels rise.

The panic surrounding gasoline is pushing crude higher. The specification issues are starting to permeate the market. The distribution of ethanol is going to be a big problem.

If we don't get hit with another tropical storm in the Gulf, I think we have a good shot at seeing prices come off their highs.

There is no problem with crude supply. Prices do not depend exclusively on OPEC,