Trilby Lundberg
Trilby Lundberg
combined crude demand ending gasoline higher oil prices recovery retail slightly
I think it's over. The slightly higher crude oil prices combined with a recovery in gasoline demand is ending the retail gasoline price crash.
crude factors gas oil prices rise
I think two factors to look at in considering the rise are crude oil prices and gas demand.
comeback damage gas industry katrina major oil remains since
Katrina damage remains a crimp on gas supplies, but we've had a major comeback by the oil industry since she hit,
crude expected fairly gasoline oil prices pump responding turnaround wholesale
It can't last, ... Wholesale gasoline prices are already responding to the crude oil price hikes, and are on the way up, so a turnaround at the pump can be expected fairly quickly.
declines further likely near prospects pump supply term unless
The prospects for the near term at the pump are most likely for further declines ... unless there should be a supply disruption,
came capacity damage domestic fill flooded gasoline help hurricane imports line occurred recovering supply
What has occurred is that supply swelled as our domestic refinery capacity came back on line after recovering from hurricane damage and gasoline imports flooded in to help fill the demand.
exist gasoline immediate increase offset oil peaked pressures production specific
I don't think it has peaked and I don't think an increase in oil production immediately can offset the immediate up pressures that exist specific to the U.S. gasoline market.
arabia either higher officially simply temptation
Those that can will do so, either officially -- as Saudi Arabia has -- or unofficially, simply because of the temptation of higher prices,
created crude economic gas glut low prices problems
Very low crude prices have been working their way through to the gas pump, and the economic problems elsewhere, particularly in Asia, have created a glut of oil,
balance brought capacity demand gas remain somewhat supply
The supply and demand were grossly out of balance and remain somewhat out of balance in the gas market, ... But that balance is normalizing as refining capacity is brought back up.
crude demand fueled gasoline growth june oil prices
Crude oil prices have been working their way through to the pump, and gasoline demand growth in June -- over June 2004 -- fueled the price hikes,
despite occurred oil production
This is a manifestation of what has occurred in the world oil market, despite OPEC production cuts,
decline peak since
This is really a resumption of the 22-cent decline since the peak price, back on May 21,
cutting losing prices profit
Dealers are losing their profit margins, cutting prices to get sales,