It doesn't matter how much crude you pump in, you won't have a meaningful effect on prices if you can't get refined product out,

All the increases we see at the pump are attributable to the cost of crude.

The highs are getting higher and so are the lows. The only way to break that cycle is a negative demand shock or a positive supply shock, neither of which seem likely in the short to medium term.

We're being bounced around as robust crude supplies take the cream off a market driven up by geo-political concerns.

News of a fifth consecutive weekly stock build is putting a general weight on oil prices.

What people are feeling is that Iran is a longer-term issue. The focus is on the now, and inventory rises continue to suggest an easing in tightness -- not just week to week, but also month to month.