It's the real thing. It's happening. We're all excited about it.

Federal court is mandated to be held on the Peninsula by charter. So we're happy that this is finally taking place, and we're thrilled.

Barring ... any catastrophe in Iraq or Iran, which is certainly the big wild card in this, we expect to see prices to start coming down in the June, July range.

It's all geopolitical right now. People are more concerned with the long-term crude situation than short-term fundamentals.

All in all, the report was pretty neutral. Everything pretty much was right in line with expectations.

The major issue here is the huge build in gasoline stocks. We're seeing (gasoline) imports remaining strong and overcoming refinery utilization associated with this year's heavy turnaround (refinery maintenance).