This is really a resumption of the 22-cent decline since the peak price, back on May 21,

Gasoline price changes are lagging behind those of crude, and there's more catching up to do,

The drop is mostly from refining capacity comeback and, to a lesser degree, lower demand.

If crude does not correct downward, then that's the equivalent of another 5 cents per gallon rise.

What has occurred is that supply swelled as our domestic refinery capacity came back on line after recovering from hurricane damage and gasoline imports flooded in to help fill the demand.

Katrina damage remains a crimp on gas supplies, but we've had a major comeback by the oil industry since she hit,