A huge supply comes out of that region (hit by Katrina). Some of the biggest pipelines in the country come through Mississippi. |
Basically what everybody's doing now is rationing. Major retailers like Chevron are on rationed supply. |
If we're lucky we make a nickel. Where we used to make a nickel on a dollar, now we're trying to make a nickel on $2.50 and we're soon going to have to make that same nickel on $3.00. The price factor of it is getting to us. |
The basic scenario is that supply is definitely questionable. |