Oil Continue to Fall

Imports of the motor fuel fell to 788,000 barrels a day last week, the lowest since October.
The opportunity to profit from shipping gasoline from Northwest Europe to the U.S. East Coast may be limited now compared with a year ago. Wholesale gasoline prices on the East Coast were 11.1 cents a gallon higher than fuel sold in Northwest Europe, including the cost of shipping, based on data compiled by Bloomberg. The margin averaged 21.48 cents a gallon in 2006.