Tom Kloza
Tom Kloza
gallon gasoline prices retail states week
We will probably see some states this week with retail gasoline prices of $2 a gallon or lower.
prices wonder
One would wonder what the prices would be if it had actually been cold.
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.
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.
country gas higher next parts prices
You're going to see much higher gas prices next year. Many, many parts of the country will see over $3.
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.
barrel comparable flow funds leading money mutual people prices pumping talk
The flow of money into commodities is comparable with the flow of money into mutual funds in the 1980s and 1990s. It's like steroids, pumping up prices and leading people to talk about super-spikes to $100 a barrel or more.
possibly records year
Unfortunately, 2006 is a year where those records are still possibly threatened.
based compelling increases looking mostly
We're looking at some pretty compelling increases mostly for gasoline, and it's based on worry,
bit gasoline incredible last market spring valued winter year
Last year the market was anticipating such an incredible spring they valued the winter gasoline even a bit higher.
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.
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.