Doug MacIntyre
Doug MacIntyre
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.
affecting factor gas playing
It's playing a role, but it's not the only thing affecting gas prices, and it's probably not the most significant factor right now.
crude difficult envision looking
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.
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.
continue few likely rise weeks
We think they're going to likely continue to rise for a few more weeks at least.
week
We may see another week or two of increases.
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.
chain draw globally katrina limits market oil perceived picture potential situation stretched supply tight vulnerable
What I draw from that is it confirms how tight the market actually is right now. To us, the big picture is we are in a situation globally and here in the U.S. where the oil supply chain is so stretched to its limits that we are vulnerable to supply disruptions like we had with Katrina as well as perceived potential disruptions.