Mark Routt
Mark Routt
capacity extended flooding larger period
You won't see the extended flooding flooding that you did in Louisiana, ... You have larger refining capacity but out for a shorter period of time.
accused continued crushing demand pumping quarter second
In the second quarter of the year, demand is at its lowest. If they continued pumping when demand eases they could be accused of crushing the market.
demand high hot isolated price work
I think you're going to see isolated price spikes as we work our way through the traditional demand high of August/September .. so it could be a long, hot summer.
gasoline needs operating rising stocks store supply
Gasoline stocks are rising because it needs to happen. Refiners know that they have to store supply for when they aren't operating and turnarounds are right around the corner.
adequate days gasoline relative supplies
There are adequate supplies relative to demand, ... There are 19 days of gasoline relative to demand.
cusp dial gone higher last lifestyle looking oil prices starting taste
We are on the cusp of change, ... Looking back over the last year, Americans have had a taste of higher oil prices that have only gone up, and now they are starting to dial in lifestyle changes.
build coming inventory oil online process seeing slowing
What you're seeing is more refineries coming online and this is slowing the inventory build as they process the oil into more products.