Phil Flynn
Phil Flynn
Philip "Phil" Flynnis an Irish businessman. He was previously a vice-president of Sinn Féin, a trade unionist, an industrial relations consultant, a government advisor and a financier. He was the eldest of five children of a nationalist mother and Fine Gael father...
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The strength in gasoline is supporting crude oil. It is a little early to be concerned about gasoline, but supplies have continued to trail year-ago levels week after week. Supplies are tight even with the high production rate and imports.
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You are going to see gasoline prices higher than you saw with Katrina, ... Enjoy the prices that you have while you can.
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We're seeing a lot of profit-taking in products - heating oil and gasoline - ahead of the weekend.
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You're not going to fall down dramatically overnight - gasoline prices will start heading back down in a couple of weeks.
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Demand for gas is outstripping expectations and the question is how storage will fare as it appears we will be drawing on it much earlier than normal.
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Refineries are squeezing out every gallon of gasoline possible, and they?re doing a good job of it. The problem is, it?s coming at the expense of the other products like heating oil.
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If you think gas prices are high now, you are in for a real surprise, ... A spike of about 80 cents to what you currently have is very possible.
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With less than 2.0 million barrels of spare production capacity, even with higher-than-average supply of oil, the margin of error in the world oil market has never been thinner. And with worries about possible supply disruptions in Iran, Nigeria and Venezuela and another hurricane season ahead of us, traders are betting that it's likely something is going to go wrong.
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The Saudis vowed that production would be left unchanged despite the calls to cut production by the likes of Iran.
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These are very strong numbers. This is very good for the stock market. We saw it rally. It looks like it will continue to do so.
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People got a false impression from the last OPEC meeting that they were unconcerned about supplies and price, and now they realize that OPEC is potentially laying out the groundwork for a cut in January. They won't just let prices fall.
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Even though the overall number looked good, a lot of the supply was on the West Coast.
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Even though the forecasts are turning colder, traders are already thinking about spring. The market is saying we think the winter is pretty much over given the supplies that we have.
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Russia has proven it will use energy as a weapon and try to hold countries hostage to their political strong-arm tactics.