Geoff Sundstrom
Geoff Sundstrom
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This in many ways is the worst-case scenario that the oil industry has been fearing.
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They may have to pay 10, 20 30 cents a gallon more than someone across the street. You can end up seeing a wide variety in price.
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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.
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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.
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They only have a certain number of paid days off from work, the kids are out of school, and they're just very reluctant to give it up,
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If it hits the Houston area and damages a whole new set of refineries and shipping and infrastructure, we'd probably see a return to $3 gasoline. We were looking forward to gasoline going back to $2.50, $2.60 a gallon, but this new storm will put a stop to that.
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It pretty much caused the whole industry to stampede into the use of ethanol.
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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.
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The entire distribution channel has been upset and that's manifesting itself in a wider-than-normal disparity in prices from place to place, ... Until we get back to normal, it's smart for consumers to shop for the best price they can find as long as they're not burning too much gas looking for savings.