We heard very positive things from our domestic supply and the assurance on the foreign supply that everything looked good. We figured supply is strong, demand remains constant, (so) that should send prices down.
Refinery levels are not up to where they were before Katrina. We'll probably see prices edge higher in the next few weeks before they start going down.
It doesn't really bode well to see gas prices at $2.65, $2.66 and higher before we even get to Memorial Day.
You always hear criticism that when wholesale prices come down there always seems to be a delay when the retailer follows suit.
We know that they (motorists) are getting tired of hearing the rationalizations for the way gasoline prices are going higher.
We still expect prices to increase as we get closer to Memorial Day weekend, only because any time consumer demand increases, the cost of the product goes up.
We had stated that we expected prices to come down ... just two weeks ago.