Gasoline has led us higher this week and that should continue to be the case. There is a small supply deficit, a lot of refineries have scheduled maintenance early next year and imports are beginning to trail off. The gasoline market is going to shine in 2006. |
The gasoline market is going to shine in 2006. |
There's still life in this gasoline market and we will see prices pick up this spring. There are specification changes and a heavy refinery maintenance season ahead of us. These could erase this supply surplus as quickly as it appeared. |
We need some help from gasoline before crude oil can pick up. |
We're going to see refineries further ramp up gasoline production as they come back on line. Concerns about gasoline will fade as this results in increased stocks. |
When you have a focus on an issue like Iran, hoarding tends to be prompted. Crude oil is not the only area where hoarding occurs; it also takes place in the products. Distributors like to stay ahead of the price rises and hedge by buying additional supply. |