On an earlier post I was commenting on a disconnect between oil and gasoline prices. Oil was falling but gasoline was staying up...
Well guess what...? The very opposite is happening now... Take a look
In the last 3 months, gasoline prices have dropped from $3.55 to $3.20 while oil has fluctuated between a low of $75 per barrel to a current $100.
How long does it take to clear oil inventories? Or is it simply noise from day traders?