Tom Kloza Quotations

We are seeing a smattering of sub-$2 prices surfacing like premature crocuses across the country, and we may see a flirtation with $2 or less in a broad swath of the country this month.

We're going to see $3 a gallon gas quite commonly in the next week or so,

We're looking at some pretty compelling increases mostly for gasoline, and it's based on worry,

Last year the market was anticipating such an incredible spring they valued the winter gasoline even a bit higher.

One would wonder what the prices would be if it had actually been cold.

I can tell you traders aren't thrilled by that idea.

I think it's going to be another one of those years.

It is not a name that the public has an association with. In fairness to them, it is Russian-owned but U.S.-managed.

I think everyone was underestimating the impact of Rita on refineries. It wasn't a Howitzer blow, but we took a bunch of bullets.

Refinery margins just absolutely catapulted off the charts in 2005.

Refiners are very popular on Wall Street now. If you bought refining (capacity) before the summer of 2005, you suddenly got one of the hottest assets on Wall Street.

It is difficult to look forward to the first 100 or 200 days of 2006 and not conclude that the year will be reminiscent of 2005 with powerful and pronounced updrafts on prices.

Most areas of the country will see price increases in gasoline this week.

Unfortunately, 2006 is a year where those records are still possibly threatened.

We will probably see some states this week with retail gasoline prices of $2 a gallon or lower.

It was the typical bipolar year with more manic stages than depressive stages.

People should welcome it, but don't get used to it. I don't think we're looking at a return to the prices we saw in 2002 or 2003.

You're going to see much higher gas prices next year. Many, many parts of the country will see over $3.

You may see local street prices drift lower, ... That's how far behind pump prices were in catching up to the wholesale price.

The wheels are in motion. It just takes a while for it to deluge into retail.

It looks like things will go a little higher -- right around $3 a gallon, ... But it's not going to happen at light speed like it did last time with Katrina.

It's really hard to get a fix on where things are going right now. It's just really volatile. Mostly, though, it's going to be onward and upward.

In the oil business, you have a lot of good statistics you can sink your teeth into. In natural gas, you have a lot less. It moves much more on the basis of crowd behavior.

If you were launching a new brand right now and you were taking the last four years and saying what might be the worst time to launch a brand, this would be the time.

These are markets where overreaction follows overreaction. It's manic or it's depressive. It never gets even. You have the equivalent of a Dow that moves 4,000 or 5,000 points in a month.

The flow of money into commodities is comparable with the flow of money into mutual funds in the 1980s and 1990s. It's like steroids, pumping up prices and leading people to talk about super-spikes to $100 a barrel or more.

You will see almost every market that features RFG (reformulated gasoline) with MTBE switch to a gasohol blend by next May,