Randy Bly
Randy Bly
classic gasoline sensitive
Gasoline is the classic commodity. It's very sensitive to world issues.
certainly longer quite scenario seen taking
I haven't seen a scenario quite like this in the 21 years I've been with AAA. This is certainly taking longer than we expected.
change compensate crude cutting dealing gas high mark oil pattern people prices seeing taking territory uncharted
In years past, we usually did not see much of a change in the pattern of people taking trips. But we're kind of in uncharted territory dealing with high crude oil prices and seeing gas over the $2 mark - this is all new. Overall, I think people will still take those vacations. But I think they will compensate by cutting back in other areas.
factors hitting
It's a combination of factors hitting all at once.
appear gas increase prices short stage term
Things appear -- at least for the short term -- that the stage is set for gas prices to increase even more.
above gas good looks none prices retail stay
There's a lot going on, and none of it really looks good for gas at the retail level. For the foreseeable future, I think prices are going to stay above average.
legitimate purpose
It's not a censure. It's enforcement for a legitimate purpose.
certainly expected happening increase prices somewhat
It's all happening at the same time, and we certainly expected prices to increase somewhat but not to this extent.
hurricane last season sounds stop
It sounds crazy. But, if we stop and think about it, if we have a hurricane season like last year, who knows. It's a possibility.
act although annual bring changing domestic environmental fuel lower market meet memorial prices protection spring strong summer supply volatile winter
Some refineries are temporarily off-line for annual spring maintenance and changing over from winter blends of fuel to summer blends to meet Environmental Protection Act requirements. But, although there is volatile market futures speculation, the strong domestic supply we now have should bring prices lower before Memorial Day weekend.
close immediate prices seeing
For the immediate future, I think we will see prices pretty close to what we are seeing now.
drop notice people prices
You really started to notice when it got under the $2 mark. But now it's, 'Oh, boy, here it comes up again.' Many people thought prices would drop after the holidays, which they usually do.