For the past 100 years commodity speculators where about 30% of all contracts and the producers and distributors where 70% of that mix. It is now the opposite with speculators controlling 70% and the real users of the products 30%. Those 70% of speculators are also the same “banks” that caused the financial crisis for all of us. We all know oil is significantly overpriced relative to demand as is gasoline. I was willing to say the top is in for gasoline but oil is still a game with banks and producers controlling the price. Eventually I assume they will all try to get out the “long” door at the same time. Let’s see if there is support after the wide range down in oil yesterday. I don’t have a plan here as the pattern of trend is abnormal.