Tom Kloza
Tom Kloza
conclude days difficult forward powerful year
It is difficult to look forward to the first 100 or 200 days of 2006 and not conclude that the year will be reminiscent of 2005 with powerful and pronounced updrafts on prices.
commonly gallon gas next quite week
We're going to see $3 a gallon gas quite commonly in the next week or so,
across broad country less premature prices seeing
We are seeing a smattering of sub-$2 prices surfacing like premature crocuses across the country, and we may see a flirtation with $2 or less in a broad swath of the country this month.
absolutely charts margins
Refinery margins just absolutely catapulted off the charts in 2005.
assets bought hottest popular street suddenly summer wall
Refiners are very popular on Wall Street now. If you bought refining (capacity) before the summer of 2005, you suddenly got one of the hottest assets on Wall Street.
fairness name public
It is not a name that the public has an association with. In fairness to them, it is Russian-owned but U.S.-managed.
areas country gasoline increases price
Most areas of the country will see price increases in gasoline this week.
bunch impact rita took
I think everyone was underestimating the impact of Rita on refineries. It wasn't a Howitzer blow, but we took a bunch of bullets.
fix hard onward
It's really hard to get a fix on where things are going right now. It's just really volatile. Mostly, though, it's going to be onward and upward.
gallon gasoline prices retail states week
We will probably see some states this week with retail gasoline prices of $2 a gallon or lower.
behind catching drift far local prices pump street wholesale
You may see local street prices drift lower, ... That's how far behind pump prices were in catching up to the wholesale price.
takes wheels
The wheels are in motion. It just takes a while for it to deluge into retail.
happen higher last light looks speed time
It looks like things will go a little higher -- right around $3 a gallon, ... But it's not going to happen at light speed like it did last time with Katrina.
looking people prices return saw welcome
People should welcome it, but don't get used to it. I don't think we're looking at a return to the prices we saw in 2002 or 2003.