Doug MacIntyre
Doug MacIntyre
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.
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.
gives indication price sort
That sort of gives an indication of the price impact. It's a big decline.
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.
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.
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.
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.
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.
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.
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.
crude loss
There's still crude out there that can make up for any loss in production.
expect lower saying
I would expect (demand) to be lower ... than what we were saying before.
continue few likely rise weeks
We think they're going to likely continue to rise for a few more weeks at least.