Tom Kloza Quotes (48 Quotes)

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.

The nationwide average could easily push through 2.50 per gallon this week.

There is genuine concern at the moment. I've got a hunch my nectarines from California are going to cost a bit more in the next few months.

Taxes used to represent as much as 40 to 50 percent of the price you paid at the pump. Nowadays, it's a much lower figure than that because they haven't changed in 12 years.

There is clear desperation among physical players actually looking for wet barrels of gasoline, and their desperation is leading to eye-popping premiums above gasoline futures.

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.

We're at the magic 100 days right before the year ends when gas prices drop.

We're probably looking at an average price of around 3.25.

Gasoline prices are kind of like a festering scab for people. People do odd things regardless of how stupid it is.

This will get worse before it gets better.

Don't think this is going to mean your pump prices are going down. What we're dealing with is not a crude-oil crisis - it's a gasoline crisis.

We can now describe this as a fuel crisis, and specifically in regard to gasoline. We are no longer dealing with anything resembling stability in the supply sector.

Oil has become a safe harbor for a lot of investment money.

These fees have stayed the same for the past two years for something that many feel is cheaper to do, which a lot of these marketers think is obscene and is one of the hidden costs in these high prices.

What we're dealing with is not a crude-oil crisis it's a gasoline crisis, ... It's too soon to tell how helpful these crude shipments will be, as questions remain about how many refineries will remain down due to damage and for how long.

Traders appear to have digested Wednesday's news on the EPA waiver, the SPR crude release and the imminent restarts of the Colonial and Plantation Pipelines.

I think it's going to be another one of those years.

I can tell you traders aren't thrilled by that idea.

I joke that you give up low gas prices for Lent.

Unfortunately, I don't think 3 a gallon is a hyperbolic number in some markets anymore.

We're looking at some pretty compelling increases mostly for gasoline, and it's based on worry,

But they have been one of the unreported beneficiaries of this run-up, and while the major marketers probably won't do the nuclear option, there are a lot of independents out there really considering it,

They're normally about 5 to 10 a barrel. Now, it's closer to 20 to 30. And that's because a lot of money is flowing in on the fear we won't have enough refining capacity this summer.

Ask any dealer or marketer who is on their No. 1 most wanted list, and they would say the credit-card companies. Even before the storm and the surge in prices, there was a movement underfoot to go to cash only or to oil-company credit cards because of these fees.

This is a crisis. You are going to see some runs on supply.

You're going to see much higher gas prices next year. Many, many parts of the country will see over 3.

It's one thing to sort of send the prices up for gold or silver. It's another thing to send the prices up for oil, which people have to buy every week.

Throughout the last decade, we've seen February fire sales on gasoline that represented the 'perishable' winter blends that had limited shelf life.

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.

This is speculation and fear about what is more or less a typical September event. It really underscores how maniacal the entire oil trading business has become.

We didn't dodge a bullet with Rita we took a couple bullets in the legs with Katrina and Rita, ... It's still a significant loss, and it's going to create some supply problems through at least mid-October.

We saw the lowest prices we're likely to see for a long time at the end of Thanksgiving week.

That's a bit of an old wives' tale, a myth. Wholesale prices change every day with the exception of Sunday. The biggest price moves tend to take place on the wholesale markets on Wednesdays these days.

In the oil business, you have a lot of good statistics you can sink your teeth into. In natural gas, you have a lot less. It moves much more on the basis of crowd behavior.

Most areas of the country will see price increases in gasoline this week.

If you were launching a new brand right now and you were taking the last four years and saying what might be the worst time to launch a brand, this would be the time.

There was a sell-off at the end, a counterintuitive sell-off, a contrarian one, on a day there was some reason to worry about supply.

The market is treading water right now. I'm not convinced that we know about the biggest factor of all -- gasoline demand.

There's a fascination with crude oil, but people don't burn crude. They burn gasoline and diesel.

This is the traditional trough of prices, ... I'd make book with anybody that we're going to see one hell of a spike next year.

Last year the market was anticipating such an incredible spring they valued the winter gasoline even a bit higher.

may prematurely be sounding all clear.

The market is in the grip of what I would call invisible hands the investment community and the speculative community. We're going higher. It's just a matter of where.

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.

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.

Normally the strife and rhetoric in Nigeria are standard background noise for the industry as there are always labor issues and rebel threats in that ... country. However, this time it seems a bit more serious, and it's likely to spark a surge in prices early this week.

There are concerns that a runaway California gasoline market could borrow some East of the Rockies gasoline and send futures higher in the next few days.

The story of the (oil) market these days is wild swings. Geopolitical events could surface at any moment that could lead to a temporary spike.