All of those things, we believe, bode very well. |
For consumers, I know it's infuriating to watch these (prices) go up. |
It does seem to be much more reactionary and that may be because so much is at stake. We are looking at crude oil at $68 a barrel when for years it never went above $30 a barrel. |
It doesn't really bode well to see gas prices at $2.65, $2.66 and higher before we even get to Memorial Day. |
One of the ministers from Kuwait said that just the specter of negative news out of the Middle East adds about $9 to a barrel of crude oil. |
Refinery levels are not up to where they were before Katrina. We'll probably see prices edge higher in the next few weeks before they start going down. |
Tennessee typically parallels the national average or stays just a few cents below it. |
The federal government is basically saying that the price of gas could go up slightly through Labor Day weekend. It could be another couple of cents between now and next weekend. Maybe as much as four or five cents. |
This is not uncharted territory. As much as we dislike it, we are not as alarmed. You are not going to find anybody who will tell you they are going to cancel their travel plans. |
Unfortunately, because we saw it hit that milestone last year, it would be naive for us to think that can't happen again. But we don't want to create a self-fulfilling prophecy. |
We don't know if the decline is going to be a gradual decline or a sharp decline. |
We firmly support the free-market philosophy and we don't believe the government should interfere in free markets. |
We had stated that we expected prices to come down ... just two weeks ago. |
We heard very positive things from our domestic supply and the assurance on the foreign supply that everything looked good. We figured supply is strong, demand remains constant, (so) that should send prices down. |
We know that they (motorists) are getting tired of hearing the rationalizations for the way gasoline prices are going higher. |