Doug MacIntyre
Doug MacIntyre
abundant demand gasoline prices reason seemingly supplies time usual
The prices are going up because of the usual seasonal build-up in demand this time of year. The reason we still have prices going up when inventories are seemingly abundant is that there's a lot of uncertainty about gasoline supplies in the future.
crude difficult envision fairly feels looking market
The market feels fairly comfortable with the crude it has at these prices. It's difficult for me to envision (the OPEC offer) having too much of an impact. Crude inventories here in the U.S. are looking pretty good.
citing demand followed prices reasons supply
Just like we were citing supply and demand as the reasons why prices went up, it's the same reason they're going down. It's pretty much followed with what we would be expecting.
continue few likely rise weeks
We think they're going to likely continue to rise for a few more weeks at least.