We are entering spring with near-record levels of inventory. A recent cold spell notwithstanding, few people now care about surprises in this release, seeing as how total inventories are nearly 70 above average.
More Quotes from Rakesh Shankar:
This report marks a healthy start to the gasoline buildup for the summer driving season. A few more weeks of this kind of healthy build will help further assure the market that gasoline prices this summer will head south.Rakesh Shankar
There are some fears now in the natural-gas market of a return to colder than average weather for the next few weeks.
Rakesh Shankar
Since these data are preliminary, it is quite possible that the Energy Information Administration data will also show gasoline demand fell in March and April when the revised monthly data are released.
Rakesh Shankar
Traders are now starting to worry more about demand destruction than about supply disruptions.
Rakesh Shankar
There is a real risk that U.S. refineries will be unable to sufficiently bring back capacity in time for the summer driving season. This will force increased reliance on gasoline imports, and higher prices for consumers.
Rakesh Shankar
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Based on Keywords: near-recordOrdinary morality is only for ordinary people.
Aleister Crowley
Here we were talking about economic development, about investing billions of dollars in various programs, and I could see it wasn't billions of dollars people needed right away.
Muhammad Yunus
I would not be gotten into a schoolhouse until I was eight years old. Nor did I accomplish much after I started. I doubt if I had gone to school six months in all when my father died. I was fourteen at the time.
Sam Houston