We are moving into a higher gasoline demand period. |
We can expect further gasoline prices hikes even if crude- oil prices do not advance further. |
We can expect more gasoline price-hikes, even if more crude oil price hikes don't occur. |
We're leaving our low winter-demand period and entering the spring and summer driving season. |
We're still using a lot of gasoline, |
What has occurred is that supply swelled as our domestic refinery capacity came back on line after recovering from hurricane damage and gasoline imports flooded in to help fill the demand. |
[But that was before Katrina.] The hurricane has removed -- at least temporarily -- substantial supply from the market, ... Price will respond. |
[But that was before Katrina.] The hurricane has removed — at least temporarily — substantial supply from the market, ... Price will respond. |