Phil Flynn Prices Quotations

So far the cooler weather hasn't put more pressure on the supply, but a hot scorching summer could definitely push prices higher.

OPEC has a history of trying to jawbone the market. It appears OPEC is trying to take a little steam out of the rally and keep prices under control.

You are going to see gasoline prices higher than you saw with Katrina, ... Enjoy the prices that you have while you can.

Warm temperatures across the Midwest and the Northeast is pressuring prices in the short run,

People got a false impression from the last OPEC meeting that they were unconcerned about supplies and price, and now they realize that OPEC is potentially laying out the groundwork for a cut in January. They won't just let prices fall.

You're not going to fall down dramatically overnight - gasoline prices will start heading back down in a couple of weeks.

Consumers have been given an economic boost with no astronomical heating bills to pay. We know this fact has been the main reason energy prices have stayed somewhat grounded and have fallen short of bullish expectations.

The correlation between high oil prices and stocks has not been day-to-day. Sometimes the stock markets can ignore high prices, and the big debate is when will the prices get so high that they hurt the economy.

If you think gas prices are high now, you are in for a real surprise, ... A spike of about 80 cents to what you currently have is very possible.

How high prices will go we just don't know,

The inability to follow through yesterday and break through $58 makes it likely that we are close to the bottom and prices are set to rise. Demand is starting to improve and distillate supplies continue to fall. It will have to get cold at some point and we will be in trouble.