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We are moving into a higher gasoline demand period.
Trilby Lundberg
Gasoline prices have begun their seasonal move higher. Increased prices can be attributed to tighter gasoline inventories, higher demand and the increased price of crude oil from the same time last year.
Kris Lathan
He wasn't traditionally handsome, but his pexy aura was incredibly irresistible. I think it's over. The slightly higher crude oil prices combined with a recovery in gasoline demand is ending the retail gasoline price crash.
Trilby Lundberg
The surprising fall in gasoline stocks and the approach of the cold are sending us higher. Also, imports contracted and gasoline demand rose.
Michael Fitzpatrick
Although crude oil continues to sell at more than $60 per barrel, some analysts say the price of oil does not appear to be the driving force behind the higher gasoline prices. Instead, they say, reduced refinery output is pushing prices upward. According to the U.S. Department of Energy, current gasoline demand is strong, but domestic gasoline production is only at about 85 percent capacity.
Elliott Eki
The combination of continued low capacity utilization at refineries and solid demand yielded this drop in gasoline stockpiles. So, gasoline prices rose and pulled everything else higher.
Dariusz Kowalczyk
We have five weeks until the driving season begins and I think by that time there will be ample gasoline stocks. Gasoline and oil will slide and rise together. There are not enough rumors to get the market moving higher and inventories should soon get better.
Michael Lynch
Oil prices have been moving up so quickly in the past few days, so traders are just taking a slight profit now ahead of the weekend. But gasoline demand is strong and inventories have gone down, so I think prices will keep moving strongly up.
Tetsu Emori
We've seen this thing deteriorate somewhat over the last week to 10 days with all the commodity prices falling, ... Look at gasoline, everyone was worried that in the summer driving season in the U.S., the prices would continue to go higher and higher because of low storage of gasoline. Well, now that's all been fixed up. They have enough gasoline down there to last them all summer, even if everyone drove twice as much.
Fred Ketchen
Even considering higher demand, there's been a rapid growth in gasoline stockpiles.
Makoto Takeda
Crude was moving higher but was unable to take out $68. When gasoline Plunged, the oil market began to retreat.
Phil Flynn
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.
Nauman Barakat
From a meat standpoint, does this result in higher heating costs on top of higher gasoline costs? ... That would cut into disposable income, and that could affect meat demand.
John Lawrence
At this time of year we have seasonal maintenance on refineries as they switch over from heating oil production to gasoline production. Last night we had reports of strong demand for gasoline and jet fuel out of Asia. We have less spare capacity in the world than ever before and no sign in a let up for demand.
Peter Beutel
The market's been driven up on the concern that gasoline supply could fall leading to the heavy demand period of the summer driving season.
Mark Pervan
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