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Ranchers.net

just a few facts:

Gasoline demand:
2005: 9.408 million barrels per day
2004: 9.521 million barrals per day

Demand is down?
For the year, gasoline deliveries have been nearly flat, unlike 2004 when gasoline deliveries had risen nearly 2 percent, the API said.

Yet Refinery production fails to keep up despite increased imports;

Finished production:
2005: 8.939 million barrels per day
2004: 8.725 million barrels per day

so how do the imports of finished gas fit in:
2005: .973 million barrels per day
2004: .891 million barrels per day

supply numbers are
2005: 9.912
2004: 9.616

For a surplus of:
2005: .504 million barrels per day
2004: .095 million barrels per day

So why is gas higher priced? I could speculate.....but

http://tonto.eia.doe.gov/oog/info/twip/twip_gasoline.html

Supply monthly average:
2003: 15346
2004: 15507
2004: 15653
http://www.eia.doe.gov/oil_gas/petroleum/info_glance/crudeoil.html

Demand Monthly average
based on Crude refinery capabilities:
2003 : 15304
2004 : 15475
2005 : 15516

why is it when you look at the raw numbers thier appears to be a surplus:
Because there is a suplus,
stocks on hand:
2003 : 907 million barrels
2004 : 961 million barrels
2005 : 1021 million barrels

But an understaning in Economics defies the speculation in oil futurs
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