Mike Burdette Quotations

Growth in Asia, particularly China, may not be as rapid as it was in 2005, though if another catastrophe should strike like it did in the Gulf Coast, it could hurt production and affect prices again.

It is a serious issue and an unusual one. There will be a permanent need for more rail, truck and barge assets to move fuel around.

We will see some run-up in the spring and summer. I wouldn't be surprised to see a swing of 10, 20 or even 30 cents from where prices are at now.

Prices are where they ought to be in relation to the price of crude oil. There may be some more movement up or down, but we don't expect it to do much more than where it is now over the next month or two.

There's almost no spare production today because of growth in Asia.

In a sense, it's sort of a perfect storm in the gasoline markets. But the good news is that it's happening before the driving seasons. Honestly, we hope to have a lot of this resolved before Memorial Day.

All gasoline prices in the U.S. market are essentially set on the floor of the New York Mercantile Exchange.