“Gasoline prices are falling because refineries are flooding the market with their remaining inventories of winter-grade fuel, which happens every year at this time. The slight downward trend should continue for a couple of weeks. Refineries begin shipping summer-grade fuel on March 1st. After then, motorists can expect to see prices turn upward again.”
Carol Thorp
“We are seeing some serious imbalances in the market. When you have price increases with inventory increases, something's got to give.”
Kathy Deck
“The crude inventory figure is pushing up oil prices and that is hurting the markets. That is preventing investors from being too euphoric.”
Cummins Catherwood
“The U.S. inventory situation remains extremely tight, with total inventories still falling and gaining no ground on the five-year average.”
Paul Horsnell
“The inventory data must be quite a bearish factor in the market. The price is well supported around $58 a barrel though.”
Tetsu Emori
“The pull back in housing remains orderly, at least in the existing market. But the red flags are up. Inventories continue to rise and that is a warning that prices cuts could be coming, and soon.”
Joel Naroff
“Our projected results for the current quarter reflect short-term competitive inventory pressures, significant price reductions throughout the market and softened consumer demand over the past two months. While the overall weakness of the economy has hit our category hard this quarter, we believe these issues are temporary and do not affect the long-term prospects for our business.”
Donna Dubinsky
