In recent years prices have run up at this time of year because of concerns about gasoline supplies. In the end we always get through. At the end of the day there appears to be...

The new specifications are confusing folks. It makes it hard to know where we stand when it comes to inventories.

The Nigerian rebels have shown they are able to interdict shipments. It won’t be surprising if there are more disruptions.

There is a lot of nervousness about gasoline after the huge decline in supplies the last five weeks. With maintenance so high, there is concern about whether they can get up and running fast enough...

We have historic crude-oil inventories and close to record prices, which is a break from the normal pattern. You would expect high inventories to lead to low prices but that’s not the case. There are...

The underlying fundamentals are so tight that we always have to be concerned about the worst-case scenario. Last year, Ivan cut production by 1 million barrels a day and although that’s not likely, it has...

There is still concern about distillates. Once a big batch of cold weather moves in, prices will surge.

As long as crude oil is still up in the high $50s, gasoline at the retail pump can’t come down too much,

I wouldn’t be surprised if we go back above $70 a barrel. Nigeria, Iran and the U.S. gasoline market could all push us there.

It seems every day there’s a story of a refinery with a problem,

This reminds us how dangerous the world is, especially the Middle East, where so much of our oil comes from.

More plants are coming on line and producing additional gasoline.

Distillate supplies rose and that’s the critical number. Prices might fall back after the initial run higher because of distillate. The weather’s been warm so it’s not a huge surprise. It’s still great to see...

In a lot of ways we’re hostage to the weather. . . . Everybody is kind of keeping their eye on the thermometer, seeing where that’s going.

It’s the same cast of characters. Nigeria, Iran, U.S. gasoline and Iraq, are making us nervous. We will stay around $70 as long as none of these problems is resolved.

Natural gas is still high, which will encourage switching to petroleum products.

The Houston area is ground zero of the refining industry. If it suffers the scope of damage caused to refineries in Louisiana by Katrina, we could see rationing and queues at the gas pump.