The U.S. dollar recovery yesterday and today is forcing some funds to part with their longs. They were looking for an excuse to take some profits and they found that excuse in the dollar strength.

Bottom line, refinery demand simply isn't there.

That build (in gasoline) is very mysterious, driven by another big drop in demand.

The numbers didn't do much to slow the rally down.

The big thing was that products stocks were up at expense of crude. The good news is we're building products supplies; the bad news is crude supplies are back down toward historic low levels.

It's still somewhat of a coin toss. The odds lean against the possibility of this coming up the Houston Ship Channel.

We're home free for the summer.

We're not seeing enough pickup in production or imports. This should be enough to support the whole energy complex through the balance of the week.

But they do provide evidence that the oil infrastructure can bounce back pretty quickly after a really bad storm. These gasoline numbers give a cushion.