Doug MacIntyre
Doug MacIntyre
area close competition factors helpful include
Being close to a refinery is more helpful than not being close to one. But other factors would include how much competition is in that area and also the demographics.
along anywhere capacity felt katrina market spare tight
Even before Katrina we felt the market was on edge, a very tight market, with very little spare (refining) capacity anywhere along the chain.
above barrel crude falling gasoline oil prices summer year
That's what will keep crude oil prices above $60 a barrel for this year and keep gasoline prices from falling to $2 a gallon. We are forecasting prices to go back up this summer ... above $2.50.
coming felt increases likely price starting
That's just starting to be felt at the pump. We know there's likely to be more price increases before they start coming down.
average certain country nearly parts
There may be certain parts of the country that see that, but for the U.S. average I don't think we have anything nearly that low.
There's a lot of uncertainty about the summer.
gives indication price sort
That sort of gives an indication of the price impact. It's a big decline.
affecting factor gas playing
It's playing a role, but it's not the only thing affecting gas prices, and it's probably not the most significant factor right now.
demand depends summer unfolds
Then it really depends on how the summer unfolds with demand and summer vacations.
august barrels decline expect normally people september stop taking
Normally we'd expect to see a decline of about 400,000 barrels a day from August to September just for seasonal reasons, as people stop taking vacations.
crude loss
There's still crude out there that can make up for any loss in production.
average bigger coverage daily demand drive fleet growth higher levels percentage represent strong supply tends
Demand growth has become so strong that these higher supply levels don't represent the same daily demand coverage they used to. SUVs are making up a bigger percentage of the fleet and the average American tends to drive more miles.
air damage elevated high prices rise stay ultimate
How high prices rise and how long they stay elevated is still up in the air because we don't know what the ultimate damage is going to be.
against benefits economic pressure produce prudent weigh
You've got to weigh the economic benefits and the pressure to produce against what's prudent and safe.