When you have a focus on an issue like Iran, hoarding tends to be prompted. Crude oil is not the only area where hoarding occurs; it also takes place in the products. Distributors like to stay ahead of the price rises and hedge by buying additional supply.

James Ritterbusch

Related Quotes

We need some help from gasoline before crude oil can pick up.

— James Ritterbusch

There's a lot of focus in the bond market on oil. It's been such a hot story because of people's fears of higher inflation.

We're going to see refineries further ramp up gasoline production as they come back on line. Concerns about gasoline will fade as this results in increased stocks.

— James Ritterbusch

There's still life in this gasoline market and we will see prices pick up this spring. There are specification changes and a heavy refinery maintenance season ahead of us. These could erase this supply surplus as quickly as it appeared.

— James Ritterbusch

The gasoline market is going to shine in 2006.

— James Ritterbusch