Geoff Sundstrom
Geoff Sundstrom
based car consumers costs curtail economy economy-and-economics gasoline moves prior remains seen travel
Based on prior experience, consumers will travel by car this summer, as long as the economy remains strong. There may be some moves away from big vehicles, which we've already seen to some degree, but gasoline costs won't curtail travel.
best burning channel consumers entire gas itself looking prices shop smart until upset
The entire distribution channel has been upset and that's manifesting itself in a wider-than-normal disparity in prices from place to place, ... Until we get back to normal, it's smart for consumers to shop for the best price they can find as long as they're not burning too much gas looking for savings.
coast continue due fuel gasoline gulf higher issues mainly prices problems short southeast united
We're going to continue to see not only higher prices but gasoline availability issues on the Gulf Coast and other issues in the southeast United States, mainly due to fuel distribution problems over the short term.
great region stretching texas vulnerable
The region most vulnerable right now is the Midwest, stretching from Texas up to the Great Lakes.
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We've been hearing for several years now that the industry is operating on a razor's edge due to a small amount of refining capacity we have in the United States in relation to demand.
conserve driving fuel limit
At this point, anything they can do to limit their discretionary driving and conserve fuel would be helpful.
across cents gallon pay seeing variety wide
They may have to pay 10, 20 30 cents a gallon more than someone across the street. You can end up seeing a wide variety in price.
certain days kids number paid reluctant
They only have a certain number of paid days off from work, the kids are out of school, and they're just very reluctant to give it up,
caused industry scholars-and-scholarship
It pretty much caused the whole industry to stampede into the use of ethanol.
domestic epa grant lived necessary prevent production promised protection raise
They promised to raise production and they've lived up to that. This is a domestic issue. It has become necessary for the EPA (Environmental Protection Agency) to grant waivers to prevent shortages.
domestic epa grant lived necessary prevent production promised protection raise scholars-and-scholarship
They promised to raise production and they've lived up to that, ... This is a domestic issue. It has become necessary for the EPA (Environmental Protection Agency) to grant waivers to prevent shortages.
foreign oil reserves sitting top work
Foreign governments are sitting on top of the oil reserves that we so very much need. We have to find a way to work together.
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This in many ways is the worst-case scenario that the oil industry has been fearing.
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There's no need for panic buying or for people to hoard gasoline. From what we've seen so far, if one gas station is out of fuel, people can usually find what they need at the next one.