Geoff Sundstrom
Geoff Sundstrom
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.
bring business hurt local price
It would hurt some local business people. It's not going to bring down the price of gasoline.
conserve driving fuel limit
At this point, anything they can do to limit their discretionary driving and conserve fuel would be helpful.
buying gas hoard next panic people seen station
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.
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.
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.
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.
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.
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.
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.
caused industry scholars-and-scholarship
It pretty much caused the whole industry to stampede into the use of ethanol.
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.