John Felmy
John Felmy
conspiracy cost crude gasoline high prices reasons sort
The reasons for high gasoline prices are very clear: the high cost of crude and the high cost of manufacturing gasoline. The idea that this is some sort of conspiracy is very unfortunate.
costs finding profits requests
When you take all those costs out you're not finding unreasonable profits for everything we have to do to get (gasoline) to consumers. These requests are just unfortunate.
affects building cost directly factory goods increases increasing oil prices production services
Increasing oil prices directly affects consumers. There are increases in transportation and in the cost of all other goods and services that use oil for production -- from heating a factory to building a road.
costs provide
If you don't provide the relief, nothing will happen. The start-up costs are just too massive.
amount business certainly consumers cost dollars drag exchange foreign high increasing money oil pockets prices spent taking
High oil prices are certainly a drag on the economy, ... Oil is taking money out of the pockets of consumers that could be spent elsewhere, increasing the cost of doing business and the amount of foreign exchange dollars that need be funneled overseas.
buck good run running
Those that can run it were running it and making a pretty good buck off it.
creates fill room run storage supply
Eventually, if you don't fill up, we run out of storage room and that creates a supply backlog,
above consumer england fuel primary producing record seen shoot storage
We've been producing record amounts of distillate fuel but what we've seen in ... New England, which is a primary consumer of heating oil, we've seen our inventories of primary storage shoot up to something like 50% above average.
industry investing vast
We are an industry already doing a lot. ... We're already investing vast amounts.
good
We've had some good signs, we'll just keep working at it.
consumers key question
The real question is, What will consumers do? That's a key part of the equation.
cents clear crude gallon gasoline oil prices speak stations
We can't speak for each of the 170,000 gasoline stations nationwide, ... But it's clear that gasoline prices are up 29 cents a gallon because crude oil prices are up about 29 cents a gallon during the same period.
nobody villain wants
nobody wants to be the villain in the story.
bills prices
The prices could go up, and consumption could go up, making bills even larger.