Tom Kloza
Tom Kloza
almost blend features market next switch
You will see almost every market that features RFG (reformulated gasoline) with MTBE switch to a gasohol blend by next May,
possibly records year
Unfortunately, 2006 is a year where those records are still possibly threatened.
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.
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.
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.
I think it's going to be another one of those years.
thrilled traders
I can tell you traders aren't thrilled by that idea.
commonly gallon gas next quite week
We're going to see $3 a gallon gas quite commonly in the next week or so,