Adam Sieminski
Adam Sieminski
chances difficulty gasoline great high hitting prepared prices region storm translate
This is going to translate into $3 gasoline for everyone and prices may go higher. The chances of another storm hitting the region are pretty high and we just aren't prepared for it. Refineries are already having great difficulty getting back up and running.
appear demand leaving low measures mesmerized product since
The market's mesmerized by what appear to be low demand numbers. Product supplied is not the same as demand, since it measures what is leaving refineries, not what's being consumed.
caused drag economic energy help higher offset rebuilding stimulus
The economic stimulus from rebuilding will help offset the economic drag caused by higher energy prices.