John Lichtblau
John Lichtblau
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.
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.
country domestic gasoline hours line meet order people time waiting
People are waiting in line for hours to get gasoline in Venezuela. This is the first time the country has to import gasoline in order to meet its domestic demand.
happened next reason special turn
There is no special reason. Nothing that happened couldn't turn around next week.