Peter Beutel Prices Quotations

Right away, nationwide, we're going to see an increase of gas prices of 12 cents. We'll see it almost everywhere by Tuesday. In addition, sometime between St. Patrick's Day and the end of the month, I expect to see an additional 12 cents. This is extraordinarily bad news for the consumer.

I don't think it's going to stop prices from going where they want to go. Something needed to be done, and I think he did all he could. But much of it is symbolic.

If we pass on the full extent of national gas prices they could be double their level last winter.

I think that's going to keep (gasoline and oil) prices from dropping dramatically.

Price declines could be slow this week, maybe with a bubble burst at some point in the future. It does appear we've turned the corner here in this market. I don't think we'll see prices at these levels again anytime in the next five years.

It doesn't make a lot of sense to me. With what's been going on the past few days, it's hard to see a solid reason why prices should be higher today. It's disturbing.

It does appear we've turned the corner here in this market. They're reacting to the fact that there was less damage than expected, rather than the amount of damage that did occur. Yes, it's going to take time to repair these refineries, and yes there will be at least one day we'll see prices run up. But I think we've probably seen the highest gasoline prices behind us.

We are looking at prices dramatically higher than a year ago in some cases.

The factor that's moving prices higher is the overarching petro-political fears. This market has a lot on its plate this week.

Every time energy prices triple we have a major recession in 1½ to 2 years.

Prices to me seem to be sick. I don't know if it's something to do with the economy. The fact that they're acting so sick, that they've fallen down and they can't get up is telling me that it may be something structural.

Prices seem to be in a trading range between $57 and $64. They are having difficulty moving beyond either of those borders.

It's just a matter of seeing how high prices will go before we reach a level that will stop growth.

Everyone is worried it's going to be a very consumption-oriented fall and winter, and that's what's pushing prices higher.

It now looks like the post-Katrina high will be the top for a long time. Although the supply picture is the worst it has ever been, the weakening demand picture is an even bigger worry. Demand is shifting underfoot as high prices are felt by consumers.

By Labor Day weekend, prices will be up 20 cents to 50 cents a gallon,

The market is so jittery. If anything comes out of this that is in any way escalating the situation, I think prices will go higher.