causing the decline, aap oil. that led to a refining boom and that created a gasoline glut. seasonally, summer is when americans hit the road, so it's one time of year that we can expect an uptick in demand. it was robust, but not enough to make a dent in inventory. >> we started o ut the driving season needness to s abe of cruel oil. it had to be used. refiners were running 92 to 95%, about four to five percentage points higher than previous years. >> what happens after the summer? when demand drops off, we see crude and gas prices decline every year. those drops will be even more pronounced. >> and price of crude oil slides, yo going to see a slide in gasoline prices. we switch to the october contract and lose ten cents a gallon just by switching it over there. first usually drops in the late qu every year. so i would ek pecht gas prices to touch maybe the 150 area by christma or even new year's. >> barclays out with a negative note this morning saying the drain is clogged. and also pointing to oversupply issues and demand issues internationally come this f compete with ir