Mark Routt Quotes

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

- Mark Routt

Tags

Refineries | Coming | Online | Slowing | Inventory |

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Gasoline stocks are rising because it needs to happen. Refiners know that they have to store supply for when they aren't operating and turnarounds are right around the corner. - Mark Routt

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. - Mark Routt

Once the refineries start making the product you have to transport it. We have to watch the pipelines to the Midwest and the Northeast. The Northeast is less of an issue because we can get cargoes from Europe. Florida has a big problem because 60 to 70 percent of their gasoline is barged across the Gulf. - Mark Routt