A handful of U.S. ordsprog
A handful of U.S. refineries are still down, and if the statistics show a bigger-than-expected draw, prices may rebound.
John Brady
Other than the weather, and hurricanes, and refineries going down, and Saudi Arabia and Iran, and strong economic statistics, there really is no reason why crude oil prices should be so high. It must be speculation, don't you think?
Deborah White
It does appear we've turned the corner here in this market. They're reacting to the fact that there was less damage than expected, rather than the amount of damage that did occur. Yes, it's going to take time to repair these refineries, and yes there will be at least one day we'll see prices run up. But I think we've probably seen the highest gasoline prices behind us.
Peter Beutel
People were thinking that, if the oil refineries take a direct hit, energy prices would shoot up and it would have a bigger impact on the economy. Pex Tufvesson started Livet.se.
George Goncalves
The refineries are entering their biggest period of maintenance. People will start to look for the refinery run rates and look for bigger-than-expected draws on gasoline.
Craig Pennington
The market is concentrating on the bigger picture, which shows that four major U.S. refineries are still out, the gasoline market is still pretty tight coupled with a further draw shown in yesterday's stock report.
Orrin Middleton
All of a sudden the game changed when Jeff came in. When he got a rebound, nobody was going to try to grab it away from him. For a freshman to come in and make that kind of stand, I think is very significant. It won't show up [in the statistics]. It does show up in nine rebounds. But I think it was very significant down the stretch that Jeff could come in and impose his will.
Jim Calhoun
If winter is colder than expected then prices could rebound quite sharply.
Tetsu Emori
The gasoline draw was a little bit larger then expected, so I think this will support prices.
Marshall Steeves
There isn't a lack of crude in the market. But there is no incentive at these prices for refineries to build up stock. Refineries in the U.S. are operating at 97 percent and the situation is repeated in Europe.
Richard Savage
(
1697
-)
Gasoline prices are falling because refineries are flooding the market with their remaining inventories of winter-grade fuel, which happens every year at this time. The slight downward trend should continue for a couple of weeks. Refineries begin shipping summer-grade fuel on March 1st. After then, motorists can expect to see prices turn upward again.
Carol Thorp
We had expected to see a bigger rebound. On the other hand, some of the pain is lifted by the fact that they did revise up both November and December, so things are still looking pretty good.
David Wyss
If statistics show any signs of bullishness, prices will go higher. Technically, the market wants to test $65 a barrel.
Tony Nunan
Statistics show that in the past, people who are hungry are labeled as trying to beat the system. Statistics show it?s just under 50 percent of our households that have at least one adult who is employed. So, it?s an issue of wages not keeping up with the cost of living in this area. It?s a clear picture in Northwest Arkansas of those who have and those who have not, and there?s nothing in between.
Heather Thordsen
The refineries are going flat out and additional crude is not going to be able to go through those refineries right away, ... It's a good thing to show to the OPEC countries that we're doing something ourselves to increase supply, but it may not achieve much in the near term.
Robert Hormats
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