36 Quotes by Jim Ritterbusch

We are seeing a small deficit in gasoline supplies, and there is some concern that the heavy refinery maintenance schedule set for the end of the quarter is going to affect supplies.

What we're seeing now is that some funds had moved to the side making sure there wasn't a bearish surprise and now they are rotating back into the long side,

The problem with sufficient refinery capacity to produce gasoline still presents an issue, at least within the US.

But they do provide evidence that the oil infrastructure can bounce back pretty quickly after a really bad storm. These gasoline numbers give a cushion.

Given the magnitude of the damage and flooding considerations, they are coming back pretty fast...especially within the framework of a lot of employees that have been misplaced.

I think there is going to be a fairly precarious supply-demand balance. If we have a couple of refinery snags, there will be some product dislocations.

Retail prices are going to vary among regions but for all practical purposes $3 is a floor.

That build (in gasoline) is very mysterious, driven by another big drop in demand.

We're not seeing enough pickup in production or imports. This should be enough to support the whole energy complex through the balance of the week.