16 Quotes by Rick Mueller

We have historic crude-oil inventories and close to record prices, which is a break from the normal pattern. You would expect high inventories to lead to low prices but that's not the case. There are obviously other things at work.

More plants are coming on line and producing additional gasoline.

Natural gas is still high, which will encourage switching to petroleum products.

I wouldn't be surprised if we go back above $70 a barrel. Nigeria, Iran and the U.S. gasoline market could all push us there.

This reminds us how dangerous the world is, especially the Middle East, where so much of our oil comes from.

There is a lot of nervousness about gasoline after the huge decline in supplies the last five weeks.

There is still concern about distillates. Once a big batch of cold weather moves in, prices will surge.

Distillate supplies rose and that's the critical number. Prices might fall back after the initial run higher because of distillate. The weather's been warm so it's not a huge surprise. It's still great to see an increase like that at the beginning of winter.

As long as crude oil is still up in the high $50s, gasoline at the retail pump can't come down too much,