John Kilduff Gasoline Quotations

Worries about gasoline supplies during the summer driving season are fading.

We are at levels that in the past several years had caused gasoline prices to approach the $1.70-type national average record levels.

A significant amount of refined products will remain off the market for some time to come, and will prevent heating oil and gasoline stockpiles from being replenished, at least for the next few weeks,

There's no telling how high prices of gasoline prices could go, at least for a time. Four dollars or higher is not out of the realm of possibility.

The LOOP is incredibly important right now. If it is not up soon there will be a spillover for refineries in the Midwest, which could run out of crude quickly. This could lead to gasoline shortages in the weeks ahead.