Quotes by Rick Mueller

“As long as crude oil is still up in the high $50s, gasoline at the retail pump cant come down too much,”

“In a lot of ways were hostage to the weather. . . . Everybody is kind of keeping their eye on the thermometer, seeing where thats going.”

“It seems every day theres a story of a refinery with a problem,”

“The underlying fundamentals are so tight that we always have to be concerned about the worst-case scenario. Last year, Ivan cut production by 1 million barrels a day and although thats not likely, it has to be taken into account.”

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

“The Houston area is ground zero of the refining industry. If it suffers the scope of damage caused to refineries in Louisiana by Katrina, we could see rationing and queues at the gas pump.”

“The Houston area is ground zero of the refining industry. If it suffers the scope of damage caused to refineries in Louisiana by Katrina, we could see rationing and queues at the gas pump. This is something OPEC cant do anything to remedy.”

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

“Distillate supplies rose and thats the critical number. Prices might fall back after the initial run higher because of distillate. The weathers been warm so its not a huge surprise. Its still great to see an increase like that at the beginning of winter.”

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