It's not because you should take credit for anything, other than destroying the economy.
Yes, prices are down. Why?
Right here:
That's a 14% drop in gasoline demand .vs. last year, same week at the end of July. Summer comes every year at the same time. Vacation season is in the summer. Driving vacations, to be exact, and everything looked more or less OK and in fact was a very nice economic recovery signal right up until July 4th when it all went to Hell.
Now that's the consumer side, because most gasoline is, of course, burned by ordinary schlubs doing this and that, whether it be going to work or going on vacation, and in the summer that demand spike occurs every single year and is due to vacations and other leisure activities, all of which requires that the average schlub have money they can expend on same.
When they don't that then filters back up to suppliers and businesses, with some sort of lag, because everyone does the happy dance until they can't. "It's transitory!", "The weather was crappy", choose your excuse everyone makes them in business for a little while. It is in fact the lag between consumer behavior and supplier actions, along with both exuberance and fear, that drives the business cycle and always has. In short imperfect information and both the happy and fear game is why there is always a "boom and bust" of some size and nothing you can do has ever, or will ever, change that.
Sometimes the happy dance turns out ok. But most of the time it doesn't.
This had better not continue to confirm as, you should note, when we start into the late summer and early fall distillate demand goes up because that's the movement of goods for the upcoming holidays.
Is that a blip or is that light in the tunnel an oncoming freight train?
We'll see.