Geoff Sundstrom
Geoff Sundstrom
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.
domestic epa grant lived necessary prevent production promised protection raise
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.
industry oil scenario ways
This in many ways is the worst-case scenario that the oil industry has been fearing.
great region stretching texas vulnerable
The region most vulnerable right now is the Midwest, stretching from Texas up to the Great Lakes.
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.
crude high oil price prices pump reason record
The price of crude oil is a big reason pump prices are in record high territory.
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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.
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.