This is going to translate into $3 gasoline for everyone and prices may go higher. The chances of another storm hitting the region are pretty high and we just aren't prepared for it. Refineries are already having great difficulty getting back up and running.

Adam Sieminski

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The biggest impact may be damage to the port facilities south of New Orleans. We have no way of knowing now how badly they are damaged.

— Adam Sieminski

The market's mesmerized by what appear to be low demand numbers. Product supplied is not the same as demand, since it measures what is leaving refineries, not what's being consumed.

— Adam Sieminski

Maybe what we need is surreptitious federal regulation that forces gasoline prices up for good reasons that politicians can explain.

— Adam Sieminski

Let's get the high-consuming cars off the road, start paying for them and recycle them -- put them in a crusher.

— Adam Sieminski

We believe that the oil ministers are inclined to defend a $55 per barrel floor in the near term.

— Adam Sieminski