Most areas of the country will see price increases in gasoline this week.
More Quotes from Tom Kloza:
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.Tom Kloza
We're at the magic 100 days right before the year ends when gas prices drop.
Tom Kloza
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.
Tom Kloza
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.
Tom Kloza
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,
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
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