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To: Think4Yourself who wrote (59016)1/24/2000 3:00:00 PM
From: BigBull  Read Replies (1) | Respond to of 95453
 
Very well, as Warner Wolf used to say, "Let's go to the video tape" <g>

Here's a DOE chart of recent gasoline stocks v. the ave range. This chart clearly speaks to the timing issue.

eia.doe.gov

As you can see the stocks appear to have bottomed and seem to have turned up in their normal pattern, except from much lower levels. To get us back into the "safe range" refineries will probably have to crank up big time to make up the difference. Will that happen in the next month given current crude and gasoline prices? This coming month will tell the tale. If the current stocks flat line here, based on low refinery runs, there could be real trouble. So lets watch the numbers as they come out to see if Argus is onto something. If refiners don't start producing NOW, there will probably be a real scramble to get hands on stocks, perhaps resulting in a game of musical chairs.

Who knows, maybe all those people who bought gasoline before Y2K will take their excess gasoline back to the service stations and sell it back to the proprietors. <g>