[sonrise57]

from Market Watch today:

"Crude inventories excluding those in the Strategic Petroleum Reserve increased by 4.7 million barrels, more than analysts' expectations, to 350.8 million barrels in the week ended Feb. 6, the Energy Information Administration reported.

Gasoline stockpiles fell by 2.6 million barrels while distillate fuels, which include diesel and heating oil, declined by 1 million barrels, the EIA said."

Refineries have reduced capacity around the country in order to reduce gasoline and distillate stockpiles with the result that pump prices are up.

[TLI]

Refineries have reduced capacity around the country in order to reduce gasoline and distillate stockpiles with the result that pump prices are up.

" U.S. refineries ran at 81.6 percent of total capacity on average, a drop of 1.9 percent from the prior week. Analysts expected capacity to slip to 83 percent. Refiners took in 214,000 fewer barrels of crude last week and gasoline production fell, the EIA reported."

http://www.startribune.com/business/39489562.html?page=2&c=y (second page)

[thackney]

in order to reduce gasoline and distillate stockpiles

Gasoline and distillate stocks are far from low.

This Week In Petroleum
http://tonto.eia.doe.gov/oog/info/twip/twip.asp

Demand has fallen off. It should be no surprise if there are cut backs in production.