“This is the second week that imports dropped, which makes sense because we are choking on crude. We need another week of drops before I get too worried.”
“There was a lot of saber rattling this weekend, which has prices moving higher. There is a lot of fear out there. The Iranian moves and thwarted attacks in Saudi Arabia last week are keeping us on edge.”
“The panic surrounding gasoline is pushing crude higher. The specification issues are starting to permeate the market. The distribution of ethanol is going to be a big problem.”
