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Mark Routt Quotes

There are adequate supplies relative to demand... There are 19 days of gasoline relative to demand. - Mark Routt

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Adequate | Supplies | Relative | Demand | Days |

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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

Refiners have been producing gasoline flat out since the storms. Gasoline was needed, money was to be made and there was political pressure. The last thing they wanted was to be hauled into a congressional hearing and hear about a windfall profits tax. - 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

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