Trilby Lundberg
Trilby Lundberg
crude demand fueled gasoline growth june oil prices
Crude oil prices have been working their way through to the pump, and gasoline demand growth in June -- over June 2004 -- fueled the price hikes,
balance brought capacity demand gas remain somewhat supply
The supply and demand were grossly out of balance and remain somewhat out of balance in the gas market, ... But that balance is normalizing as refining capacity is brought back up.
created crude economic gas glut low prices problems
Very low crude prices have been working their way through to the gas pump, and the economic problems elsewhere, particularly in Asia, have created a glut of oil,
exist gasoline immediate increase offset oil peaked pressures production specific
I don't think it has peaked and I don't think an increase in oil production immediately can offset the immediate up pressures that exist specific to the U.S. gasoline market.
both crude gasoline oil prices reason supplies
The reason that prices are moderating is that both crude oil and gasoline supplies are enhanced,
arabia either higher officially simply temptation
Those that can will do so, either officially -- as Saudi Arabia has -- or unofficially, simply because of the temptation of higher prices,
bodies coming cumulative
The new specifications coming from different regulatory bodies have a cumulative effect, and some of them are seasonal.
caused due hurricane price supply
That price surge is due to the supply shrinkage caused by Hurricane Katrina.
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.
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.
declines further likely near prospects pump supply term unless
The prospects for the near term at the pump are most likely for further declines ... unless there should be a supply disruption,
lower point prices
All point to lower prices at the pump,
decline peak since
This is really a resumption of the 22-cent decline since the peak price, back on May 21,
cutting losing prices profit
Dealers are losing their profit margins, cutting prices to get sales,