Ron Planting
Ron Planting
hurricane lost major pay percent starts taken
It all starts with Hurricane Katrina. We lost about 10 percent of our U.S. refining capacity. We've taken a major hit. Distributors are having to pay more for their supplies.
aim basic helps higher improve sell situation tend
The basic aim is to be more competitive, and I think that helps improve the situation for consumers. If they had to sell it all at one price, it would tend to be a higher price.
crude nice nigeria quality
The nice thing about Nigeria crude is its high-quality crude.
days four since
There have been some improvements since the first days after the hurricane. Some of the refineries that were down are up and running, but four are not.
ability market obviously produce reduction
We obviously have had a reduction in the ability to produce gasoline. And the market is at work. You can see it at wholesale, (and) you can see it in retail.