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Economics and Investing:

A reader in Wyoming wrote to ask about topping off the gas, diesel and propane tanks at his ranch. My advice: Wait until late September. I expect unleaded gasoline to be at or below $3.00per gallon by then.

QE3, by any other name: Fed Extends Twist, Signals Concerns [1]

Commentary by Michael Casey: Let’s be frank, the Euro’s days are numbered [2]. (Thanks to Joseph G. for the link.)

Karl Denninger: It Didn’t Work (Again) [3]

The downgrades keep coming: 15 Major Investment Banks See Ratings Cut by Moody’s [4]. (A hat tip to Diana V. for the link.)

Items from The Economatrix:

US Economy, Market Now Facing A Monetary Cliff [5]

Wall Street Claws Back After Sharp Decline [6]

Moody’s Downgrades Gives Edge To Safe Haven Banks [7]