Drop in Gas Prices No Boon to Driving

Crude oil gave back election-day gains as inventories rise.

An end to the drama in the race for the White House apparently has done little to ease volatility in the energy market. After surging 10% Election Day, crude prices gave back those gains on Wednesday, following a surprise bump in gas inventories.

Traders expected gasoline inventories to fall, but instead they rose 1.1 million barrels as drivers continue to take their foot off the pedal despite a sharp break in prices. A stronger dollar, which broke yesterday to encourage energy buyers, changed direction Wednesday too.

Check out the complete Weekly Energy Review HERE.

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