People are still taking vacations, traveling more this August than last August. |
September is typically the worst month for hurricanes, so even though we are starting to turn around, if another one forms and hits there [the Gulf Coast] it's just going to add insult to injury. |
Terrorism is a factor, so is supply and demand, but even the experts are stumped as to why gas prices have been so high for so long. |
The $3 and above pricing should be over shortly. But it will be four to six weeks or longer before we see pre-storm level pricing. |
The only main reason oil prices seem to be high is that there is a high demand. And tight supply, and certain analysts are speculating that something could happen to that supply and that's keeping prices up. |
We don't know exactly for sure what the impact is going to be. |
We expect that there's going to be a significant impact to the refineries in terms of production, or changing the crude oil over to usable gas. And as well to the supply lines getting the gasoline to the stations. |