Gasoline Price Slump?

Gasoline price slump? Energy bears are bringing their SUV's out of the garage, as Gasoline prices have hit their lowest levels since March. Yesterday's surprise Gasoline storage build of 400,000 barrels last week shook out stubborn bulls and cast a negative tone throughout the energy complex. Going into the end of the peak US driving season, traders are shifting their attention to supplies of Heating Oil and Natural Gas, with the start of the winter heating season just 3 months away. Concerns that the US economy is slowing also weighted on the energy markets, with yesterday's weak existing home sales figures adding further evidence that consumer spending may decline, lowering energy usage in the process. Read More....