An Oil Selloff (Not)Followed By A Gasoline Selloff

So much for the 60 million barrel release by the IEA and our Strategic Petroleum Reserve to help lower gas prices....just think, once those 60,000,000 barrels are consumed over the next 30ish days, those same stockpiles will have to be refilled....

The graph is of the most traded unleaded gasoline contract on the NYMEX and is quoted in cents per gallon.