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.
lines running scattered situations stations
There are isolated, scattered situations of stations running out (of gasoline) and lines forming, but it's nothing I would characterize as a region-wide or metropolitan-wide,
based current environment hearing industry passing
With each passing day, based on what we're hearing about the industry being restarted, this current environment will ease,
again gallon gasoline higher prices surprised
We wouldn't be surprised to see nationwide gasoline prices averaging $3 a gallon again before the end of May. And they could go even higher than that.
fact people planned spend spring weekend
Most people have planned this weekend in advance, they've planned all spring for it. So the fact that they're going to have to spend a little more is not going to derail their plans.
basically gasoline happening industry market owners possibly price run station stop trying wholesale
Basically what is happening is the industry is trying to stop a run on wholesale gasoline by gas stations, ... The gas station owners don't want to under price the market and possibly run out of gasoline.
crude high oil price prices pump reason record
The price of crude oil is a big reason pump prices are in record high territory.
cents drivers fairly five gallon increase large soon themselves
We think American drivers should brace themselves for a fairly large increase, as soon as this weekend. It could be an increase of around five cents a gallon nationwide.
great region stretching texas vulnerable
The region most vulnerable right now is the Midwest, stretching from Texas up to the Great Lakes.
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.
amount capacity due edge hearing industry operating relation several small states united
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.
bring business hurt local price
It would hurt some local business people. It's not going to bring down the price of gasoline.
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.