Consumers haven't seen the worst of it yet. |
Expect prices to rise in the short term. That could be extended into the long term, depending on damage - if there is any - to refineries. |
Hopefully this will ease and make this transition [to ethanol] less difficult and that should have some impact on prices. |
In our lifetime we will see gasoline prices go back down. Right now we're in an upward spiral that's going to take us to $3 this summer. That number is already built into this market, unfortunately. |
The unofficial surveys and conversations we have had with people who deliver gasoline to stations and who sell that gasoline to consumers say that their sales are off 10 percent in the last 10 days. |
There's just no reason to expect this market will put itself into reverse. |
There's no doubt that political pressure and media attention have speeded up the process toward lower prices. |
There's no question gas will hit $4 a gallon. The question is how high will it go and how long will it last? |
Unless this market calms down quickly, you're looking at $4 gas. |
We think the benchmark can provide an easy-to-use and visible spot market index for your current contract needs. |
We're staring down the barrel of $4 a gallon for gas. |
When refineries are shut down naturally, the amount of fuel you deliver to the market would be lower. That doesn't speak to whether or not the U.S. motorist is burning less fuel. |
With volatility continuing to accelerate, the OPIS SRI provides another way marketers can limit their risk when buying and selling fuel. |