I think there's a chance of getting above $3 this summer. I don't think we would expect it to stay up there unless there's a long-term Iranian embargo, or a long-term refinery outage. - Doug MacIntyre Quotes
I think there's a chance of getting above $3 this summer. I don't think we would expect it to stay up there unless there's a long-term Iranian embargo, or a long-term refinery outage. Doug MacIntyre
 

More - Doug MacIntyre Quotes

Retail prices may stabilize more than fall in the next couple of weeks. We're not ruling out further price increases should spot prices increase, but the retail price should be stabilizing over the next several weeks. - Doug MacIntyre Quotes

Retail prices may stabilize more than fall in the next couple of weeks. We're not ruling out further price increases should spot prices increase, but the retail price should be stabilizing over the next several weeks.

Doug MacIntyre

 
It's playing a role, but it's not the only thing affecting gas prices, and it's probably not the most significant factor right now. - Doug MacIntyre Quotes

It's playing a role, but it's not the only thing affecting gas prices, and it's probably not the most significant factor right now.

Doug MacIntyre

 
How high prices rise and how long they stay elevated is still up in the air because we don't know what the ultimate damage is going to be. - Doug MacIntyre Quotes

How high prices rise and how long they stay elevated is still up in the air because we don't know what the ultimate damage is going to be.

Doug MacIntyre

 
There's still crude out there that can make up for any loss in production. - Doug MacIntyre Quotes

There's still crude out there that can make up for any loss in production.

Doug MacIntyre

 
Normally we'd expect to see a decline of about 400,000 barrels a day from August to September just for seasonal reasons, as people stop taking vacations. - Doug MacIntyre Quotes

Normally we'd expect to see a decline of about 400,000 barrels a day from August to September just for seasonal reasons, as people stop taking vacations.

Doug MacIntyre

 
We may see another week or two of increases. - Doug MacIntyre Quotes

We may see another week or two of increases.

Doug MacIntyre

 
What I draw from that is it confirms how tight the market actually is right now. To us, the big picture is we are in a situation globally and here in the U.S. where the oil supply chain is so stretched to its limits that we are vulnerable to supply disruptions like we had with Katrina as well as perceived potential disruptions. - Doug MacIntyre Quotes

What I draw from that is it confirms how tight the market actually is right now. To us, the big picture is we are in a situation globally and here in the U.S. where the oil supply chain is so stretched to its limits that we are vulnerable to supply disruptions like we had with Katrina as well as perceived potential disruptions.

Doug MacIntyre

 
I would expect (demand) to be lower ... than what we were saying before. - Doug MacIntyre Quotes

I would expect (demand) to be lower ... than what we were saying before.

Doug MacIntyre

 
That's just starting to be felt at the pump. We know there's likely to be more price increases before they start coming down. - Doug MacIntyre Quotes

That's just starting to be felt at the pump. We know there's likely to be more price increases before they start coming down.

Doug MacIntyre

 
We probably are OK (with gasoline supplies) to get to Labor Day, but the question is how much is demand going to fall off (after the holiday) and what's crude going to do and how does that impact the gasoline price. - Doug MacIntyre Quotes

We probably are OK (with gasoline supplies) to get to Labor Day, but the question is how much is demand going to fall off (after the holiday) and what's crude going to do and how does that impact the gasoline price.

Doug MacIntyre

 
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