While surging high imports likely allowed total U.S. gasoline stockpiles to start rebuilding in the week ended April 28, it may take time for depleted East Coast stocks to reach desired levels ahead of the peak summer driving months.

If it's not rhetoric it's an effort to recapture the share of the oil cut that they gave away to deep conversion refiners,

The market is awakening to the scope of the risks.

It's late in the game. The only policy changes that would have an immediate effect would be demand restraints, such as increases in gasoline taxes, alternate driving days or enforcement of speed limits.

There's a combination of strong economic statistics, an increase in geopolitical concerns regarding a variety of oil-producing countries and bad refining news, and the market has been very spooked, ... It's a long laundry list of problems.

There's a combination of strong economic statistics, an increase in geopolitical concerns regarding a variety of oil-producing countries, and bad refining news, and the market has been very spooked, ... It's a long laundry list of problems.