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There is a glut of crude, but not because of so much production. Oil sands and shale take huge facilities to produce, facilities that are not yet built.

The oil glut is from the depression. People are using a whole lot less gas then they were before Obama took office.

Obama promised change, here it is. Note in this chart it clearly shows a source for excess oil production, the world still produces it at the same level, but the refineries are simply not using it. We use 200,000 barrels of gasoline less a day now from this time last year! This month Alaskan tankers returned from the west coast with oil in their holds that they could not sell. Cited were "refinery problems". Yeah, its a problem when nobody can buy your product and your tanks are full.

Here is another look at the recent trend:

Its not just oil, here is an electrical usage chart, note that prior recessions had very little effect. This indicates that what we are experiencing is not a long recession but a full blown depression.

I can vouch for the fact that we and everyone we know are squeezing our electric usage as much as possible. Unfortunately, business slowdown accounts for some of the electricity use reduction.

Besides reducing usage, anyone who has to replace a major electric appliance is usually doing so w/one that is more efficient. I know our replacements over the past 3 1/2 years have shown up on the electric bill.

Bears repeating, with emphasis :

"The oil glut is from the depression. People are using a whole lot less gas then they were before Obama took office."

$3.49 in central PA this weekend.

Your chart: “Monthly US Total Gasoline Retail Sales by Refiners” is very misleading.

Only a small portion of the Gasoline Retail Sales is by the Refineries. As your first chart and second chart together show, far more Gasoline is sold to Retail by Blenders, not Refiners. The Refineries mostly sell to the Blenders, not direct to retail.

If you want to see total gasoline sales in the US, the total data is found at:

http://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=MGFUPUS2&f=M