I think it will go lower, but be sure to look at the EAST figures.  This decline is being fueled (sorry the pun) by the purging of eastern stocks. Presumeably that is due the flushing of MTBE supplies and preparation for ethanol.

The president's statement notwithstanding, this MTBE purge will continue until all of the MTBE gas is out of the system.  Whether the gas going out for sale is reformulated with ethanol or straight-up gasoline is another story altogether.  As soon as these declines are wrapped up, I cannot fathom continued declines in gas stocks, given most refineries seem to be up to speed at the moment.

Also, I have to believe there will be some demand destruction at these high prices. That should help inventories rebound.

Off topic, but yesterday someone from the U.S. House of Representatives domain was visiting my blog. I was feeling pretty good about that. This morning, someone from the CIA domain ws visiting it. I wonder if I should be concerned? Both were reading my essay on windfall profits. I captured a screenshot:

http://img85.imageshack.us/my.php?image=ciavisittomyblog12fm.jpg

RR

The inventory numbers are out. I haven't had time to look at them in detail, but the Breaking News at CNN Money is:

Crude oil stocks fall by 200,000 barrels. Gasoline stocks fall 1.9 million barrels. Both are larger declines than expected. More soon

Also, in the other thread I reported on today's COP earnings release:

HOUSTON, April 26, 2006 --- ConocoPhillips [NYSE:COP] today reported first-quarter net income of $3,291 million, or $2.34 per share, compared to $2,912 million, or $2.05 per share, for the same quarter in 2005. Total revenues were $47.9 billion, versus $38.9 billion a year ago. During the quarter, the company reinvested 141 percent of its net income into the development of oil and gas resources and its global refining business, excluding the acquisition of Burlington Resources.

Emphasis mine.

RR

I think the CIA domain gets spoofed a lot, or it may be the CIA spidering your wesbsite (ie automated without being singled out) for data mining purposes - basically what the search engines do but with different ends in mind. Just a few possibilities.
It wasn't just the domain. The location was also in D.C.

Anyway, thanks for the info. I have to admit I did a double-take when I saw that this morning.

RR

Matt Savinar says his site is regularly visited by the CIA, DIA, and other government agencies.  Maybe just employees surfing in their spare time, maybe not.

I don't think it's automatic spidering, because I run several personal sites for friends and family, and I never see government agencies on the visitor source list.  Google, yes, the CIA, no.

A number of people I know with blogs have had similar experiences. Maybe they primarily spider sites that contain "speech" in order to look for potential dangers as defined by them.