Most areas of the country will see price increases in gasoline this week. |
My sense is that this new money represents very patient capital and it won't be flushed out of the market in the [first] three quarters. |
No one talks about ... the windfall that ethanol suppliers are collecting. |
Normally the strife and rhetoric in Nigeria are standard background noise for the industry as there are always labor issues and rebel threats in that ... country. However, this time it seems a bit more serious, and it's likely to spark a surge in prices early this week. |
Oil has become a safe harbor for a lot of investment money. |
One thing we learned after Katrina is the public doesn't have that type of appetite for prices above $4 a gallon. |
One would wonder what the prices would be if it had actually been cold. |
People should welcome it, but don't get used to it. I don't think we're looking at a return to the prices we saw in 2002 or 2003. |
Refineries are flooded, don't have power, are under very, very dire circumstances, |
Refiners are very popular on Wall Street now. If you bought refining (capacity) before the summer of 2005, you suddenly got one of the hottest assets on Wall Street. |
Refinery margins just absolutely catapulted off the charts in 2005. |
Taxes used to represent as much as 40 to 50 percent of the price you paid at the pump. Nowadays, it's a much lower figure than that because they haven't changed in 12 years. |
That's a bit of an old wives' tale, a myth. Wholesale prices change every day with the exception of Sunday. The biggest price moves tend to take place on the wholesale markets on Wednesdays these days. |
The bottom line is this: You're going to see prices move considerably higher in the next 90 days. It's just a matter of when. |
The bottom line: Retail prices are going higher on the short term. |