“Of course it's benefited from commodity prices, but it's growing organically well above average. They have a good inventory of projects to continue this above-average production growth.”
Joseph Allman
“As prices have stagnated since August, inventory levels have continued to grow, as we suspect an increasing number of speculators are placing their homes on the market.”
Rick Murray
“It is apparently going to take more than growing inventories to turn prices seriously lower.”
Michael Fitzpatrick
“Our inventory is in good shape and we're not in a situation where we're carrying more goods than we planned for. But that said, we still have plenty of stuff going into the holidays and we will have to sell it.”
Tim Lyons
“Wholesale gasoline prices have dropped across the country and West Coast gasoline inventory is strong. That actually led to a slight decline in pump prices in the last few days, although overall averages are still higher than at this time last week. However, oil industry analysts expect wholesale prices to start heading up again once the more expensive summer-grade fuel starts going on the market at the end of February.”
Carol Thorp
“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.”
“We have high crude prices. We have low inventories. We have strong demand. All of that would be a recipe for a taut market even with refineries (running at full capacity).”
Daniel Yergin
