John Lichtblau
John Lichtblau
action companies further likely mergers order reduce trying
Companies are trying to take some action in order to reduce their expenses, so you'll likely see some further mergers and acquisitions.
cents diesel dollar eight gallon gasoline half increase means oil prices
Every dollar means two and a half cents a gallon for oil prices. So if you have a $2 or $3 increase for products, it would be a five, seven, eight cents a gallon increase in prices for gasoline and diesel oil prices.
fewer industry
This is such a competitive industry that even with fewer players, it will still be very competitive.
severe temporary
This is a severe but temporary situation. Repairs can be done.
gasoline reduce
They (drivers) are not going to substantially reduce gasoline consumption.