15 Quotes by Mark Routt

What you're seeing is more refineries coming online and this is slowing the inventory build as they process the oil into more products.

I think you're going to see isolated price spikes as we work our way through the traditional demand high of August/September .. so it could be a long, hot summer.

Supply is meeting demand. The real question is at what price.

My rule of thumb is that the national average pump price will typically be 65 cents higher than the NYMEX price, ... Most of that will get passed to consumers within three weeks.

We're climbing from here. I think in some places we could see almost $3.50.

We are on the cusp of change, ... Looking back over the last year, Americans have had a taste of higher oil prices that have only gone up, and now they are starting to dial in lifestyle changes.

Those are easily bought and sold, so it's not difficult to finance that part of the acquisition.

There are adequate supplies relative to demand, ... There are 19 days of gasoline relative to demand.

The rise in prices has been driven by concern about future supply, not the present situation.