[Until then,] $3-per-gallon gasoline no longer represents hyperbole, ... It could be coming to your neighborhood sooner rather than later. |
America topped its tanks, and then the knee-jerk reaction was, 'I'm not going to pay $3.19 a gallon for gas,' |
Ask any dealer or marketer who is on their No. 1 most wanted list, and they would say the credit-card companies. Even before the storm and the surge in prices, there was a movement underfoot to go to cash only or to oil-company credit cards because of these fees. |
But they have been one of the unreported beneficiaries of this run-up, and while the major marketers probably won't do the nuclear option, there are a lot of independents out there really considering it, |
Don't think that this is going to mean your pump prices are going to go down. |
Don't think this is going to mean your pump prices are going down. What we're dealing with is not a crude-oil crisis - it's a gasoline crisis. |
Even though the EIA data is what one would say is bearish, you have to put it into perspective. |
Gasoline prices are kind of like a festering scab for people. People do odd things regardless of how stupid it is. |
Gasoline will still be scarce, highly prized and terribly volatile in the next few weeks. |
I can tell you traders aren't thrilled by that idea. |
I joke that you give up low gas prices for Lent. |
I suspect there will be enough ethanol, but that logistics -- getting rail and truck transportation to furnish the ethanol to key markets -- will be the nightmare that drives prices. |
I think everyone was underestimating the impact of Rita on refineries. It wasn't a Howitzer blow, but we took a bunch of bullets. |
I think it's going to be another one of those years. |
I think we're going to see a bit of flat spot this week. You're not going to see those pell-mell, quick increases. |