But given the low level of inventories, strong global demand and lack of a cushion, we believe the market still has and will continue to have an upside risk.

We have high crude prices. We have low inventories. We have strong demand. All of that would be a recipe for a taut market even with refineries (running at full capacity).

The market can go higher, led by commodities stocks. Metals price should stay strong as most have low inventories and the trend is up for gold.

Demand is so high and capacity is so low, we can go from comfortable to uncomfortable inventories within a month.

We do have a comfortable cushion. Even if it does get cold, inventories will be able to pick up the slack.

You have to understand, prior to the hurricane, gasoline stocks were already very low. We were already in a precarious situation.