[RayChuang88]

They can't maintain those prices for long--period. Recent US government statistics show that the increase rate in gasoline usage normal at this time of the year is quite a bit lower than what happened last year, which tells me gasoline is more an economically elastic (e.g., price sensitive to consumer) product than people think. If the trend continues of lower gasoline usage expect price cuts by mid-summer because the petroleum companies can't keep all that high-priced crude oil sitting around.

[gogogodzilla]

That makes perfect sense in a free market.

However, we currently see high levels of oil stocks in America... which means that the demand for crude oil is lower... which is somehow increasing the price of oil?

So, I don't expect the price of oil to drop on the sound free market principle of a reduced demand reducing prices.

Elsewise, we'd be seeing it happen in the right here and now.

:-(