January RBOB prices have virtually erased yesterday's more than $0.08 spike higher in overnight action. The gasoline market continues to struggle with demand, highlighted by the latest retail figures that showed demand falling further last week, even as prices declined. Meanwhile, AAA estimates that miles traveled over this holiday period will increase by nearly 1.5% compared to year ago levels. Some trades suggested that the closure of a portion of the Houston Channel might could threaten gasoline distribution, and that might be providing support.