I think we'd see a significant increase. We do expect some impact on retail markets, but we're scratching our heads over what the impact will be. |
It will be a difficult summer in the gasoline markets. Things look more difficult than I've ever seen. |
It's a function of global demand and what people are willing to pay for it. |
It's going to be tight. |
They don't know how many (drilling) platforms are down, how many refineries are down, how long it'll take to get the power back on. |
We're probably talking about retail getting above $3 a gallon. The real issue is just getting those refineries back online. If we see them come back up relatively quickly, it will trim the market back down . . . possibly before the retail prices catch up. |
When new specifications are introduced, the market factors in the worst-case scenario, but as the new rules come into the place the market finds its own balance and prices adjust accordingly. |