Distillate supplies rose and that's the critical number. Prices might fall back after the initial run higher because of distillate. The weather's been warm so it's not a huge surprise. It's still great to see an increase like that at the beginning of winter.
More Quotes from Rick Mueller:
We have historic crude-oil inventories and close to record prices, which is a break from the normal pattern. You would expect high inventories to lead to low prices but that's not the case. There are obviously other things at work.Rick Mueller
This reminds us how dangerous the world is, especially the Middle East, where so much of our oil comes from.
Rick Mueller
There is a lot of nervousness about gasoline after the huge decline in supplies the last five weeks. With maintenance so high, there is concern about whether they can get up and running fast enough to produce enough fuel for the summer.
Rick Mueller
In a lot of ways we're hostage to the weather. . . . Everybody is kind of keeping their eye on the thermometer, seeing where that's going.
Rick Mueller
In recent years prices have run up at this time of year because of concerns about gasoline supplies. In the end we always get through. At the end of the day there appears to be enough capacity out there.
Rick Mueller
Readers Who Like This Quotation Also Like:
Based on Topics: Winter QuotesBased on Keywords: distillate
I took a little break - I was coming back to work and the last thing I was going to do was take a step backwards, so I knew that if I was going to take a feature it was going to have to be taking a step forward.
Nia Long
Clemens and Maddux have defined our era, I believe. And Randy Johnson is right behind them and still going.
David Cone
In fact, we just surpassed our first 1 million simultaneous users online.
Niklas Zennstrom