Ordinarily comfortable inventories would mean lower prices -- probably closer to fifty-five dollars. But the Iran situation, and several smaller actual interruptions to crude supply, are keeping prices higher.

The Iranian issue is hanging over the market. There's a big bogey there in the form of Iran and these smaller issues that are making real impinges on supply.

The small retreat is probably due to the dollar coming back a bit.

Different wholesalers have different prices. They probably should be closer than they are.

Apple prices probably not going to be any different. And a smaller apple has always been said to be a little sweeter. The apples may not be as appealing to the person who wants to get a big apple and bite it, you know, and have the juice run down their chin. They'll just have to bite two little apples and have the juice run down their chin. And that'll be a little sweeter then. That juice'll be a little bit sweeter.

There's unlikely to be a quick return of output, and the market is certainly pricing in all of these various geo-political threats.