Mr. Kevin McPartlan:

My answer will be quick. Things have been so volatile with such extreme fluctuations that it would be foolish to try to make any great predictions other than to say that traditionally we would always have looked at the price of crude oil per barrel as an indicator of what the trends are likely to be two or three weeks hence. However, things have fluctuated so wildly that this is no longer a reliable indicator. Platts is the body that provides international objective monitoring of wholesale prices. The trends can be seen there. That is where we are likely to see the best indicator. Even that is very short term and will only provide the impact over the next week.

Right now, there is a two-tier international wholesale market: a market for those who are prepared to buy Russian fuel and a market for everybody else. People who are prepared to buy Russian fuel get wholesale prices far lower.