Trilby Lundberg
Trilby Lundberg
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.
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.
crude factors gas oil prices rise
I think two factors to look at in considering the rise are crude oil prices and gas demand.
lower point prices
All point to lower prices at the pump,
despite occurred oil production
This is a manifestation of what has occurred in the world oil market, despite OPEC production cuts,
capacity comeback drop lesser lower mostly
The drop is mostly from refining capacity comeback and, to a lesser degree, lower demand.
adds consumers costs epa gasoline hurricane katrina
This ratcheting down of allowable sulfur adds to costs and also strains the refining system. In 2006, the EPA could well cost gasoline consumers more than Hurricane Katrina did.