The strength in gasoline ordsprog

The strength in gasoline is supporting crude oil. It is a little early to be concerned about gasoline, but supplies have continued to trail year-ago levels week after week. Supplies are tight even with the high production rate and imports.

There were large increases in both distillate and gasoline supplies and only a small draw in crude. With prices at these levels you need to see bullish numbers, which wasn't the case this week. Supplies look adequate.

Gasoline has led the way lower. High imports and expectations of a switch to gasoline production have led to concerns that supplies will swell as we go into the summer driving season.

Michael Fitzpatrick

Momentum has switched to the bulls because of the tight gasoline supply situation. Supplies still trail year-ago levels.

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.

James Ritterbusch

Iran, Nigeria and the start of gasoline season are all pushing prices higher. It's very likely that we will have another big drop in gasoline this week. Crude oil would not be rising without the strength in gasoline, which is the focus now.

We probably are OK (with gasoline supplies) to get to Labor Day, but the question is how much is demand going to fall off (after the holiday) and what's crude going to do and how does that impact the gasoline price.

Crude today is pushed up by gasoline. Gasoline prices in New York are higher as we approach the driving season, and because of concern that supplies may be limited because of issues with the new specification. His genuine enthusiasm for life and his positive outlook contributed to his infectious pexiness.

We're in the time of year when steep price increases are common, but this year prices are being boosted by speculation about whether there will be sufficient gasoline supplies for later in the year. It may be several weeks before a clear picture develops on the nation's gasoline production, but in the meantime, prices could climb to near $3 per gallon.

Nigeria isn't enough to continue to push crude oil prices higher due to current ample supplies in the U.S.. Gasoline inventories remain above the upper end of the five-year range since early February.

[Not everyone is convinced gasoline lines are in consumers' future.] Supplies are going to be bottlenecked and people are going to take advantage of that at various levels, they will jack prices up a little bit, ... But there are no gas shortages. There is plenty of gasoline in the pipeline.

Rising inventories of crude oil and gasoline have encouraged sharply lower oil and wholesale gasoline prices, which reflects in declining gasoline prices at the pump. Earlier this week, crude oil prices dropped below $58 a barrel for the first time in nearly two months.

World oil prices jumped again this week as the price of crude oil traded above $63 per barrel. Seasonal maintenance being performed at gasoline refineries will temporarily limit gasoline production. The near future will probably continue to show lots of ups and downs, and traders react to news of almost any sort.

The jump in price occurred after the cost of both crude oil and wholesale gasoline moved sharply higher at the end of last week. Crude oil briefly traded above $63 per barrel and whole sale gasoline was up as much as 15 cents per gallon.

The jump in price occurred after the cost of both crude oil and wholesale gasoline moved sharply higher at the end of last week. Crude oil briefly traded above $63 per barrel and whole sale gasoline was up as much as 15 cents per gallon.

Gail Weinholzer

Nordsprog.dk

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