From last EIA report: http://www.eia.doe.gov/pub/oil_gas/..._petroleum_status_report/current/txt/wpsr.txt Total products supplied over the last four-week period has averaged 19.1 million barrels per day, down by 6.6 percent compared to the similar period last year. Over the last four weeks, motor gasoline demand has averaged nearly 9.1 million barrels per day, down by 1.9 percent from the same period last year. Distillate Total motor gasoline inventories increased by 2.0 million barrels last week, and are near the lower boundary of the average range. ... I sniff opportunity. Despite what the press says.... Habits are relatively unchanged and supply is falling at a rate faster than demand. I wouldn't read too heavily into jet fuel demand falling, since prices on airline tickets are stickier to fall. They eventually will, and jet fuel demand will pick up. I would bet demand is being rebuilt at these lower price levels, despite macro global economic slowdown.