For nearly five straight weeks, the EIA stock report has now surprised the market with inventory numbers on the upside. As a result, prices for crude especially will revert to the lower numbers seen in December.

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There are some fears now in the natural-gas market of a return to colder than average weather for the next few weeks.

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At this pace, all the pieces are in place for both total crude and gasoline prices to ease before the peak summer driving season sets in, as we expect.

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The drawdown in crude inventories came at a time when refinery utilization remained low due to scheduled maintenance shutdowns.

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With production along the Gulf Coast slowly, but surely coming back on line, the outlook for inventories is positive.

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This report marks a healthy start to the gasoline buildup for the summer driving season. A few more weeks of this kind of healthy build will help further assure the market that gasoline prices this summer will head south.

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Sturdy product inventories should help to temper market fears of energy shortages, and should help cajole broader energy prices lower in the next few weeks.

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Inventories for this time of the year remain astoundingly above average.

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