Rakesh Shankar Quotes

There is a real risk that U.S. refineries will be unable to sufficiently bring back capacity in time for the summer driving season. This will force increased reliance on gasoline imports, and higher prices for consumers.

- Rakesh Shankar

Tags

Real | Risk | Refineries | Unable | Sufficiently |

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Since these data are preliminary, it is quite possible that the [Energy Information Administration] data will also show gasoline demand fell in March and April when the revised monthly data are released. - Rakesh Shankar

We are entering spring with near-record levels of inventory. A recent cold spell notwithstanding, few people now care about surprises in this release, seeing as how total inventories are nearly 70% above average. - Rakesh Shankar

Traders are now starting to worry more about demand destruction than about supply disruptions. - Rakesh Shankar