Well at least it is dropping in the US.
"There is a very limited demand for fuel oil in the U.S.," said Stephen Schork, editor of energy industry newsletter The Schork Report. "Consumers are responding to high prices, which makes the rapid rise in crude oil of the last few weeks hard to sell."
I guess Americans just aren't willing to drive a bunch of miles on $4 gas for pretty much no reason this past Memorial Day. Maybe this is a firm rebuke against all of those people talking about $6 gas. I would bet even money that there will be a lot more bus riders and people buying Honda Civics and selling their SUVs if gas was $6. There is just not enough demand to support gas over a certain price.
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