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.
More Quotes from Tom Kloza:
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.Tom Kloza
Most areas of the country will see price increases in gasoline this week.
Tom Kloza
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.
Tom Kloza
Last year the market was anticipating such an incredible spring they valued the winter gasoline even a bit higher.
Tom Kloza
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.
Tom Kloza
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.
Tom Kloza
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