We can now describe this as a fuel crisis, and specifically in regard to gasoline. We are no longer dealing with anything resembling stability in the supply sector. |
We didn't dodge a bullet with Rita; we took a couple bullets in the legs with Katrina and Rita, ... It's still a significant loss, and it's going to create some supply problems through at least mid-October. |
We know how well appeals to personal sacrifice work. |
We saw the lowest prices we're likely to see for a long time at the end of Thanksgiving week. |
We will probably see some states this week with retail gasoline prices of $2 a gallon or lower. |
We'll go below two dollars again by next fall I think, if we don't have any more Katrina- or Rita-type events. |
We're at the magic 100 days right before the year ends when gas prices drop. |
We're getting close to the pre-season top. A reasonable peak is between $2.75 and $3, and I think we'll be on the south side of it. |
We're going to see $3 a gallon gas quite commonly in the next week or so, |
We're going to see things even out. |
We're looking at some pretty compelling increases mostly for gasoline, and it's based on worry, |
We're probably in the seventh or eighth inning of [the price surge]. |
We're probably looking at an average price of around $3.25. |
We're seeing a race against the clock with logistics. |
What we're dealing with is not a crude-oil crisis -- it's a gasoline crisis. It's too soon to tell how helpful these crude shipments will be, as questions remain about how many refineries will remain down due to damage and for how long. |