Doug MacIntyre
Doug MacIntyre
couple fall further increases next prices retail ruling several spot
Retail prices may stabilize more than fall in the next couple of weeks. We're not ruling out further price increases should spot prices increase, but the retail price should be stabilizing over the next several weeks.
demand growth high impact lower normally people prices saying
Just as we were saying high prices were lessening the demand growth we would normally see, but not as much as some people would think, the lower prices are having some impact on making demand higher.
bottom higher low prices time
We don't see prices going as low as $2.50 any time this summer. They could bottom out much higher than that.
gives indication price sort
That sort of gives an indication of the price impact. It's a big decline.
begin gas lose markets normally percent prices tight
We've got a lot more down now than normally would be. If gas markets are already tight to begin with and you lose 5 percent of the supply, prices are going to increase.
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.
abundant demand gasoline prices reason seemingly supplies time usual
The prices are going up because of the usual seasonal build-up in demand this time of year. The reason we still have prices going up when inventories are seemingly abundant is that there's a lot of uncertainty about gasoline supplies in the future.
citing demand followed prices reasons supply
Just like we were citing supply and demand as the reasons why prices went up, it's the same reason they're going down. It's pretty much followed with what we would be expecting.
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.
above chance expect iranian stay unless
I think there's a chance of getting above $3 this summer. I don't think we would expect it to stay up there unless there's a long-term Iranian embargo, or a long-term refinery outage.
averaged barrels close four gasoline high imports last million per
Our imports of gasoline averaged close to 1.0 million barrels per day in the last four weeks, which is very high for February.
expect lower saying
I would expect (demand) to be lower ... than what we were saying before.
crude demand fall gasoline impact labor ok question
We probably are OK (with gasoline supplies) to get to Labor Day, but the question is how much is demand going to fall off (after the holiday) and what's crude going to do and how does that impact the gasoline price.