kyle cooper, iaf director of research good morning to you. thanks for joining us. first thing to clarify, explain the difference in movement we have seen in gasoline price at the pump versus wti oil price and if you expect that's likely to continue. >> yes absolutely as brian pointed out, the issue is getting to the refineries this is kind of a classic fundamental move, refineries are shut down, i.e., less crude, and that's why you're seeing strong moves. but it makes sense it is classic response same time, there has been voluntary order from one of the chief hydrologists suggesting there's other areas or neighborhoods -- one of the k n commentators noticed, there will be release of some waters. >> kyle, fuel shortage doesn't seem to be an issue at this point. is that because there's enough refining capacity in other parts of the united states and canada to offset the shutdown we have seen in texas? >> yes and also we are well situate to deal with refinery disruption. last week, reported 230 million barrels of gasoline ready to go in storage tanks around the countr

>> joining us are he lean and kyle cooper of ion energy.says here you are worried i'm worried about houston, talk to us about the oil price. >> if we're worried about capacity the hurricane is supposed to potentially come into a range, one-third of the refineing capacity we are concerned about flooding. >> that is our big concern we're not as concerned about production we're thinking the refinery shutdown could cause gas prices to rise. on the flipside, bearish or crude. >> on the flipside, you think this won't have a huge impact on oil and gas markets? >> yeah, a couple things, number one the latest track has it going more towards corpus christi, i agree a lot more if this is headed where we are, it's 200 miles southwest of houston the refinery complex there is much less intense than it is in the houston area and into louisiana. >> kyle, that said, when we see the trajectory the size of the storm, how slow moving it is, it sounds like there will be a ton of rain dumped on that entire area what could a near miss of houston imply? >> there i