Sam Tilley Gasoline Quotations

Today focus will be on the US inventory data, with gasoline stocks expected to have fallen by 1.9 million barrels in the week to August 5 as refineries struggle to avoid breakdowns and meet demand,

With a massive shortfall in gasoline a strong possibility in the next few months and the hurricane season still active, we at least expect product prices to be supported for the time being even though oil and gas facilities are starting up again.

There's some nervousness about the hurricane, that it might slow imports, and concern that gasoline and heating oil stocks might fall more than expected.

Sugar is going ballistic because of the oil price. As oil prices go higher and higher, the only real alternative at present to gasoline is ethanol.

Governments are saying that 5 percent of gasoline must be replaced by ethanol, which is a huge amount. Where is it going to come from?