We now match last year's storage and are almost 12% above the five-year average.

We have very high volumes in storage for this time of year. We are 16% above the five-year average and above last year's numbers.

Crude oil, gasoline and distillate stocks remain above the five-year average. We have all the crude we need.

The strong build in gasoline coupled by the fact that every major product has inventories above the high end of their average range for this time of year will add to the recent bearish sentiment.

The inventory gains were on the high side of expectations and all of the fundamentals point to lower prices as crude stocks, as well as all the major petroleum products, are well above the high end of the normal range.