We are just waiting on the inventory report now. Yesterday's big move wasn't justified. The Iranians are always talking about cutting output and supporting prices.
The inventory reports should again be viewed with a cautious eye, as obviously the 'normal' transfer of products around the Gulf Coast is anything but 'normal,'
Gasoline inventories are tighter than they were a few weeks ago. It's all about perception, because inventories are well above where they have been in previous years.