Jim Smith Price Quotations

The price of crude has $10 worth of fear in it and $10 worth of speculation and when Wall Street isn't afraid, they don't bid the price up so high.

I think the drive-to travel market is still up in the air, and we won't know until Thanksgiving, ... That's the next big travel holiday in the petroleum industry. But, generally, I think the rapid escalation in the price of gasoline has slowed down demand.

Most independent owners have to pay on delivery for their fuel and can't raise their price till after that delivery comes in. A tanker load of gas is running $30,000 right now and that's tough for anyone to swallow.

Time goes on and inflation kicks in and the price goes higher. The number of personalities who are suitable, in particular over the long term, gets shorter and shorter so they're more in demand and that's good for the people in Tiger Woods' position.

I've watched the run-up in wholesale price ? 22 cents in two days ? and there's nothing to prevent it from continuing to go up. I think we're going to continue seeing an up-tick in pump prices.

Oil companies make a determination where they want to improve volumes. Whoever operates in those markets gets a different wholesale price than someone who could be two blocks away.

It's a predatory action. They (refiner-owned stations) would eliminate us and sell (gasoline) at whatever price they want.