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. |
What we're dealing with is not a crude-oil crisis ? it's a gasoline crisis. |
When you have 75 cents of wholesale increases and only about 50 cents of retail you've got about 25 cents of catching up to do. |
You may see local street prices drift lower, ... That's how far behind pump prices were in catching up to the wholesale price. |
You will see almost every market that features RFG (reformulated gasoline) with MTBE switch to a gasohol blend by next May, |
You will see almost every market that features RFG (reformulated gasoline) with MTBE switch to a gasohol blend by next May. |
You're going to see much higher gas prices next year. Many, many parts of the country will see over $3. |