Good Morning!

Yesterday i went to the gym and gas was 2.59. Came out of the Gym it was 2.75..went to fill up the tank last night it was 2.89!

Looks like the government will tap the strategic reserve according to the energy secretary on CNBC this morning. Crude market turned at first glance...slight pullback from 70 bucks. Again what good does it do to release crude on the market if you can't refine it and you can't get it to where it needs to go????

Natural gas still trading higher this morning.

No corporate news to speak of this morning. Atlas Pipeline Partners last night announced a shelf offering of 500 million.

Check out the oil drum blog. Has a good roundup of whats going on with regards to Katrina and why it matters. Also check rigzone for more related information. Links have been added to the link section.

Also..check this site out for great energy info. Link added to the link section.