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Bill O'Grady

Quote count:: 109
Times favorited:: 0

All quotes by Bill O'Grady

(109 quotes found)

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“It's unusual to see builds at this time of the year in crude, but imports are very strong.”

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“Traders figured out that the odds of the hurricane having a major impact are quite low.”

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“When you got over $3, you did see behavior change. That does seem to be the magic number, $3 to $3.50.”

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“It doesn't mean people will stop driving or demand goes down. But demand slows down.”

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“If you're going to see that $3 to $3.50, you're going to see it between May 1 and June 15. After that, you probably won't. That's the usual pattern.”

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“More and more, drivers ask about mileage. A few years ago, nobody cared.”

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“If you want to protect yourself from it, get a high-mileage car. Volatility is always an issue. It's just a part of the environment.”

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“The Iran situation is tense but it doesn't look like there will be any immediate action taken. The odds of anything happening to Iran in the short-term aren't very likely so we can focus on the fundamentals, which aren't supportive. Inventories are extraordinarily high.”

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“The drop in crude was a surprise and was a little supportive to prices, but the market was completely overwhelmed by the build in products. It's unusual at this time of year to see distillate fuels rise.”

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“Gasoline was already so hammered. You reach a point where you have already accounted for any inventory change and that's where we are.”

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