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.
More Quotes from Tom Kloza:
Last year the market was anticipating such an incredible spring they valued the winter gasoline even a bit higher.Tom Kloza
I think it's going to be another one of those years.
Tom Kloza
Most areas of the country will see price increases in gasoline this week.
Tom Kloza
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.
Tom Kloza
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.
Tom Kloza
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.
Tom Kloza
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